Presidential Candidate of the Young Progressives Party (YPP), Kingsley Moghalu has disclosed that N200 million of his “personal money” has been spent on his bid to emerge Nigeria’s president.

He made this known at a town hall meeting organised by the Nigeria Television Authority (NTA) and Daria Media with support from the MacArthur Foundation.

The town hall meeting, tagged ‘The Candidates’, is a two-hour televised series featuring the presidential and vice-presidential candidates of four leading political parties.

Moghalu stated that he does not have a political godfather, adding that his campaign is going to be funded through voluntary contribution of its members and the public.

“I joined politics to run for the presidency using my own money, I have spent over N200 million of my personal money so far, I do not have any political godfather,” he said.

Moghalu, who is venturing into politics for the first time, is a former deputy governor of the Central Bank of Nigeria (CBN).

He said if elected as the nation’s next president, he would drive the economy by encouraging innovation and growth of small businesses.

According to him, his party would ensure that the current N500 billion social intervention fund was effectively used to improve the lot of Nigerians.

“My being educated has showed me what Nigeria should be in terms of economy, infrastructure, and the well being of the people, and I will use my education to improve the lots of the people,” he said.