Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has publicly announced his intentions to contest for the 2023 presidential election under platform of the African Democratic Congress (ADC) political party.

Moghalu, who contested in 2019 under the Young Progressives Party (YPP), disclosed his at a press briefing in Abuja.

According to him, he decided to abandon the YPP to join ADC because it aligns better with his vision.

“For the past year I have been part of a group of individuals and political parties working towards the emergence of a “Third Force” in the Nigerian political space. Millions of our countrymen and women, tired of the failure of traditional politics, are waiting eagerly for the emergence of such a platform.

“I am pleased to announce today that I have joined the African Democratic Congress (ADC) political party. The ADC is a key player in this effort to create a new and bigger “megaparty” platform through a merger of several political parties to take power in 2023 and begin the work of rebuilding our beleaguered country.

“Every part of our Nigeria today can benefit from being part of one big, united, prosperous and powerful nation.

“To achieve this vision, we need a new “Third Way” politics anchored on pragmatic ideology and visionary, competent leadership. I believe we can re-engineer Nigeria’s economy through a system of developmental capitalism that taps into the well known dynamism and innovative spirit of Nigerian youth.”