President Goodluck Jonathan has exornerated Prof. Bath Nnaji, who resigned his appointment as Minister of Power on Tuesday, of any wrongdoing.
He said the former minister did not commit any offence.
Jonathan also threatened to go on exile if he fails to deliver the second River Niger Bridge at the expiration of his tenure.
The president spoke on Thursday at a town hall meeting organised as part of activities marking his one-day state visit to Anambra State.
He however said Nnaji needed to step aside to allow credibility and level playing ground for the privatisation programme.
Jonathan said, “He did not commit any offence. He is very competent. But we are doing privatisation. To make sure there is credibility, somebody must step aside.
“Some persons told me that some companies have already been shared and I said no. In previous privatisation, some errors were made and the country is suffering for it..
“We have demonstrated that at the political level, we need to replicate it in the industrial sector, he has to step aside.
“ We will get a competent person to replace him.”
On the second Niger Bridge, the president said, “If I don’t deliver second Niger Bridge at the end of my tenure, I will leave this country and go and live elsewhere because the failure cannot be defended.”
“History is coming to play here because it was Azikwe that constructed the first Niger Bridge and another Azikwe will construct the second one.”