Oil magnate and founder of Belemaoil Producing Limited, Tein Jack-Rich, has declared his intention to run for President on the platform of the ruling All Progressives Congress (APC).
Jack-Rich is from Kalabari in Rivers State.
Speaking on at his official declaration in Abuja, and submission of his N100m nomination forms, the Presidential aspirant said if elected president, he would be pragmatic in addressing the challenges bedeviling the country.
According to him, “I am not going to take a single loan during my presidency. The reason we are struggling with inflation is because we are not consuming what we are producing.
“I will create smart jobs and will develop the oil and gas industry and optimise the oil and gas in the country.
“My presidency will strengthen our value system. We will create 26,000 jobs in each LGA on the first day in office.
“I will make it happen. When I create 26,000 direct opportunity jobs on the first day in office in the 774 LGAs, within one year, poverty will flee.”
He maintained that he would ensure that the wealth in Niger Delta is not for the region alone and would be utilised for the benefit of all.
“With the Jack-Rich presidency, we will produce more, plan more and be respected in the community of nations. We will strengthen our currency and create jobs for youths.”
Narrating his life story, Jack-Rich talked about how he lived as a street boy in Port Harcourt after losing both parents at a tender age, before birthing Belemaoil Producing Limited, the first indigenous oil Exploration, and Production Company in Nigeria.
The 47-year-old, who is one of the youngest aspirants in the APC after Kogi State Governor Yahaya Bello, also appointed a former Governor of Bauchi State, Isa Yuguda, as the chairman of his campaign organisation.
