Iwuanyanwu quits partisan politics, laments excessive borrowing by Nigerian govt

Prominent South-East politician and chieftain of the Peoples Democratic Party (PDP) Chief Emmanuel Iwuanyanwu, has officially announced that he will quit partisan politics to pave the way for the younger generation of leaders to take over.

In a statement by his media team on Wednesday made available to Ripples Nigeria, the Imo State-born member of the PDP Board of Trustees (BOT) however, promised to continue to serve his people as an elder statesman and in his capacity as the Chairman of Ohanaeze Ndigbo Council of Elders.

Iwuanyanwu pointed out that he has been able to groom and mentor those who will carry on with his legacies and political philosophy.

“I have decided to take a bow from partisan politics. But before I do that, I wish to put on record once again, my key thoughts on several national questions that are yearning for answers which were the main reasons I ventured into politics and actually aspired for the office of the President of Nigeria thrice, with the hope of fixing Nigeria one day.

“Unfortunately, providence was not on my side to be President of Nigeria. The younger generation of leaders can, through these little views of mine, draw wisdom from my wealth of experience and continue with the struggle for a better Nigeria in the context of partisan politics, from where I stopped.

“On September 4th 2021, it pleases the Lord that I mark my 79th birthday so quitting politics would enable me focus on my charity organisation,” the statement reads.

Recalling his civil war experience, Iwuanyanwu said:

“I commanded many battles during the civil war; I headed the Biafra Combat Engineering Intelligence, worked with other bright engineers from Biafra to develop the dreaded Ogbunigwe missile and other military ammunition.

“I was equally kept alive through fervent prayers while at the forefront of the war fighting during the Nigeria civil war that lasted for about three and half years.”

READ ALSO: No riffraff can sack me from PDP —Iwuanyanwu

Iwuanyanwu also took a swipe at the President Muhammadu Buhari-led administration and expressed his sadness at the incessant borrowing from international communities.

“The massive waste and excessive borrowing in government is also becoming very alarming. The debt profile of this country has risen to a shocking level that I always wonder if any future government will be able to pull Nigeria out of this predicament,” he said.

Also speaking on restructuring of the country, the Igbo billionaire said:

“Restructuring the country to ensure devolution of powers to the federating units is a panacea to political stability in Nigeria. We need to have strong federating units and a weak center so that everybody will leave Abuja and go back to their regions/states and develop the place. If we do that, people will now pursue opportunities in their respective states and not in Abuja.

“The Local governments will now be made very functional to bring opportunities and development closer to the people. The agitation against injustice, marginalization, tribalism, will all cease because every region is developing at their own pace with what proceeds from their soil and based on how they have been able to maximize and manage the proceeds from their respective regions.

“The centre now gets a portion of the proceeds from every region to manage external affairs like immigration/foreign affair, defense/military, etc. It is our view that the Presidency should now be rotational and zoning of the presidency should now be enshrined in the constitution of the Federal Republic of Nigeria.”

On economy, Iwuanyanwu said the government of the day must now cut down on excessive borrowing and cost of governance.

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