Oil tycoon, Tein Jack-Rich, has said only sound education and meaningful engagement of youths is the solution to banditry, saying no amount of military deployment can end the menace.
Jack-Rich stated this in Abuja on Friday when he formally declared his intention to run for President on the platform of the All Progressives Congress (APC).
The presidential aspirant, while addressing his supporters, narrated his life story of how he lived as a street boy in Port Harcourt, Rivers State, after losing both parents at a tender age.
He said despite the situation he found himself, he did not take to criminality till he became someone in life.
The global economy is about $83tn and the continent of Africa is just three per cent of the global value chain.. That’s about $2.5tn…it is struggling with the economy of California which has a GDP of $3.6tn.”
Jack-Rich, who later founded Belemaoil Producing Limited, the first indigenous oil Exploration and Production Company in Nigeria to emerge from an oil-producing community in the heart of Niger Delta, promised to make Nigeria a technology-driven nations if elected.
“The global economy is about $83tn and the continent of Africa is just three per cent of the global value chain.. That’s about $2.5tn…it is struggling with the economy of California which has a GDP of $3.6tn.”
“California is about the size of Lagos and Ogun states in South-West Nigeria and Nigeria is just 19.8 per cent of Africa’s GDP. That is worrisome”
Speaking earlier, a former Governor of Bauchi State, Isa Yuguda, who is the chairman of his campaign organisation, urged the ruling APC to consider the track record of Jack-Rich in the private sector.
Yuguda maintained that Nigeria cannot afford to have someone who has been ”looting” public treasury for years to continue the same trajectory.
Daily Trust reports that the 47-year-old politician is one of the youngest aspirants in the APC.