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The Labour Party (LP) chairman, Julius Abure has explained why the party needs extra funds to sponsor the campaign of its 2023 presidential candidate, Peter Obi.

Speaking in a statement on Saturday, Abure explained that the party is not broke as some people want the members of the public to believe after his speech during the inauguration of the Labour Party Presidential Campaign Council in Abuja on Friday.

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Headline News recalls the LP chairman on Friday had said the party’s major challenge is the lack of funds to run campaigns, stating that the 2023 general election is very expensive.

He disclosed that party members, supporters and other stakeholders would have to support the campaign with funds, stating that the presidential candidate, Peter Obi, cannot fund the campaigns alone.

But the party chairman in a clarification on Saturday argued that his emphasis was on the fact that support was needed from stakeholders because unlike some other candidates, Peter Obi didn’t embezzle public funds while in office and the cost of running presidential campaigns in Nigeria is quite enormous.

He added that his statement is a call to stakeholders to join the party and its candidate in the effort to rescue Nigeria in 2023.

Below is his full statement in which he explained that contrary to what some mischief makers are insinuating, the Labour Party is not broke.

At a well-attended inauguration of the Labour Party Presidential Campaign Council in Abuja on Friday, I spoke extensively on the importance of campaign funding and the need for collaboration with stakeholders, particularly the candidates of the party at various levels.

“I also emphasised that our presidential candidate alone cannot fund the election as he is known to be someone who did not engage in the gluttonic acquisition of our common patrimony in his days as a public servant.

“However, the news making the round that I said that Labour Party is broke 24 hours to our campaign was reported out of context, hence the need to put the records straight.

“What I said is that presidential election is very expensive and the presidential candidate alone will not be able to shoulder all the expenses and that we will therefore be needing collaboration from all candidates of the party and all well-meaning Nigerians.

“The Nigerian media have been very wonderful and have been playing key role in the efforts by Nigerians to win back our country again. It is therefore commendable how they have partnered with the Labour Party on this task of voting out the fraudulent political circle that have undermined the people and mortgaged their destiny. We sincerely salute your courage.

“Finally, I like to reiterate that Labour Party is not broke. We are not broke. We only need support from stakeholders to be able to embark on the nationwide campaign, to be able to tell Nigerians how we will return Nigeria to its place of pride.”

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