Peter Obi has criticized the administration led by President Bola Tinubu for asserting that it inherited a bankrupt government. The presidential candidate of the Labour Party in the 2023 elections accused the current government of lacking transparency and accountability for not disclosing the exact amount it inherited from the previous administration on May 29, 2023.
In response to claims by President Tinubu and the National Security Adviser, Nuhu Ribadu, that the administration met liabilities, Obi emphasized the need for responsible governance, urging the government to openly reveal the extent of the deficit inherited.
“I just read yesterday, a widely publicized story from the present APC-led Federal Government saying that they inherited a bankrupt nation from their predecessor APC administration. But the story failed to disclose what they inherited which had qualified us for bankruptcy status,” Obi said.
He criticized the government's massive borrowings, which increased the country's debt profile while the economy deteriorated, causing hardship for Nigerians. Obi expressed concern over the lack of improvement in key development indices during the APC-led government's tenure, such as education, health, poverty eradication, and security.
“Instead, the condition of the nation on every development index got worse, leading to the present sad state. Nigerians know things are bad, and they experience it daily. What they now want to hear regularly are measurable and verifiable steps to improve the situation,” he remarked.
Obi also condemned certain
items included in the N2.17 trillion supplementary budget, criticizing
government officials for not reducing the cost of governance. He argued that in
a bankrupt country, resources should be channeled into critical development
sectors like security, healthcare, education, and poverty eradication,
emphasizing the necessity for tangible steps to address the situation.
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