Nigeria collapsing with $80billion debt profile - Peter Obi

-

- Vice-presidential candidate of the PDP, Mr. Peter Obi says the debt issue is an indication that the nation is collapsing - He said the situation of Nigeria as of today requires an aggressive approach to ameliorate the situation The vice-presidential candidate of the 



Peoples Democratic Party (PDP), Mr. Peter Obi has decried the current high debt profile which the present federal government administration of President Mohammadu Buhari plunged the country into. He said it was quite unfortunate that Nigeria was owing $30 billion some time ago and the creditors cancelled the debts for the nation to move forward, lamenting that now the Buhari's government has plunged the country into a deeper debt profile to the tune of $80 billion. The former governor of Anambra state, further said the issue is an indication that the nation is collapsing.
He made the comments inside Onitsha prisons during the 65th birthday ceremony of the Metropolitan Archbishop of Onitsha Catholic Ecclesiastical Province, His Grace, Most Rev. Valerian Maduka Okeke. He also said over 13.5 million Nigerian children are not in school, just as unemployment rate is nothing to write home about.
According to him, his choice as the vice presidential candidate of the main opposition party, does not in any way call for celebration, “because the situation of Nigeria as of today requires an aggressive approach to ameliorate the situation.” He stated that if elected as vi Similarly, a former deputy national publicity secretary of the All Progressives Congress, Comrade Timi Frank, has described the astronomical rise in Nigeria’s foriegn debt portfolio under the present administration as worrisome. Frank who expressed his concerns in a statement sent to Legit.ng, also pleaded with the Chinese and other foreign governments to be wary of granting loans to the Buhari's government. He stated that despite over 100% rise in the nation’s external debt, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by the present administration. Femi Kuti Reveals Nigeria's Major Problem, Proffers Solutions Read more: https://www.legit.ng/1199942-nigeria-collapsing-80billion-debt-profile-peter-obi.htmlce president, he would personally work for the renovation of all the schools in the country.

Comments

Post a Comment

Popular posts from this blog

Lagos pastor whose sex tape went viral is forced to relocate his church following threats

-
Image
Apostle Chris Omatsola, whose sex tape went viral, has been forced to relocate his church after he began receiving threats following the release of the sex video. After the sex video went viral, the lady featured in the video, Princess Tamaratokoni Okpe, claimed it was Omatsola himself who leaked the video to get back at her for breaking off their engagement (read  here ). But Omatsola has denied being responsible. On the day the video went viral, Omatsola took to Facebook to ask his members to pray for him. He wrote: Let he or she that is without a sin among you be the first to cast a stone. Friends, pray for the church of God; pray for Zionwealth Church; pray for  #ChrisOmatsola.God bless you. #ApostleChrisOmatsola#IstandwithACO #ZionwealthChurch #SatanWillNotWin  #John8v7. In a recent interview with Punch, Omatsola revealed that he has relocated his church and only core members know the new location.  The Lekki and Ajah locations of th...
Read more

How Osinbajo has saved APC, Buhari – Dele Momodu warns against dumping VP

-
Image
Media Mogul, Dele Momodu on Tuesday said Vice President Yemi Osinbajo is the reason some Nigerians still have hope in President Muhammadu Buhari-led administration. Momodu stated this while describing Osinbajo as pillar of APC administration who has made significant achievement in the past few years. He noted that Nigerians would not have noticed the weakness of President Muhammadu Buhari’s administration if Yemi Osinbajo was made to perform professionally, citing his period while as acting president. He, however, pointed out that Osinbajo has not been able to perform at his best because of “banal politics of parochialism in the country.” Momodu on his Twitter page wrote: “I love our Vice President PROFESSOR YEMI OSINBAJO for many reasons, smart, intelligent, cerebral, God-fearing, energetic, and so on… He is one of the reasons many of us placed high hopes in the BUHARI Government. “He and a few others have made significant contributions to the modest achievements of this...
Read more