Labor Party (LP) presidential candidate Peter Obi said on Tuesday that Nigeria’s presidential seat is too important to be used as a retirement benefit.

Mr. Obi made the remarks at a town hall meeting with members of the Anambra Traditional Rulers’ Council in Awka.

Obi, who listed the powers of a president in socio-economic and political situations, warned Nigerians against electing the wrong person as president on February 25.

He blamed the problems of insecurity, inflation, unemployment and others on the consumerist nature of the economy.

Obi said that if the country moved from consumption to production, most of the inherent problems would be reduced.

He stressed the need for the country to take advantage of its agricultural potential to face unemployment.

Obi urged traditional rulers to support the rise of credible political leaders.

He said: “Sitting on the fence during the 2023 elections could be politically costly for the country.

“I know the constitution requires that traditional rulers should not play partisan politics, but when bad leaders are elected, it negatively affects you as well as everyone else.

“For this, you have to get involved in a way that you are not seen, but your actions are felt,” he said.

Mr. Obi pointed out that Nigeria is the only crude oil producing country whose economy has not improved due to the war between Russia and Ukraine.

HRH Igwe Sunday Okafor of Okpuno Community, North Awka Local Government Area, Anambra, said the royal parents were happy with the wave made by Mr Obi.

“We are pleased that your candidacy today will be followed by news of your competence, skill and ability to serve as President of Nigeria.

“The news around your aspiration is that you represent the hope of a new Nigeria and not that you came from the south-east and we are happy about that,” said Mr Okafor.