Peter Obi | File Photo
.Says alarm contradicts bogus, non-essential expenditures
.How much did you inherit from Buhari?
‘A bankrupt country should channel every available resource into funding critical development sectors like security, healthcare, education, and, eradication of poverty by addressing youth unemployment not spending on non-focal areas’
By Valentine Amanze
Labour Party (LP) Presidential candidate in the February 25, 2023 general election, Mr. Peter Obi, has challenged the Bola Tinubu-led Federal Government of Nigeria to tell the nation how much it inherited from the immediate past government led by Muhammadu Buhari of the All Progressives Congress (APC).
Obi gave the challenge in a series of tweets on his X handle on Thursday November 16, 2023, while reacting to the bankruptcy alarm raised by the Federal Government.
He pointed out that the alarm also contradicted the spending behaviour of the government as contained in the supplementary budget just signed into law by the President and the bloated size of the government.
Obi’s words: “I just read yesterday, a widely publicized story from the present APC-led Federal Government, saying that they inherited a bankrupt nation from the former APC administration.
“But then the story failed to disclose what they actually inherited, which qualified us for bankruptcy status.
“One major characteristic expected of the new Nigeria we preach is a transparent system of disclosure, for example, what is inherited should be disclosed to enable the public to know where we are and where we are headed.”
Besides, the LP standard beer recalled that the previous APC government made a similar claim in 2015 against the Peoples Democratic Party (PDP) administration that handed over to them without telling the nation what it actually inherited.
“Rather, according to official records, they took our debt profile from N12.6 trillion in 2015 to N87 trillion in 2023 when it left office without improving on any indices of development – Education, Health, Poverty eradication, and Security.
“Instead, every aspect of the development index got worse”
Obi also pointed out that Nigerians knew that things were very bad, stressing, “What to expect in such circumstances is a measurable and verifiable step to improve the situation.”
Obi further said that the alarm raised by the government, however, questioned the rationale behind some expenditure profiles of the government so far, especially for some items contained in the supplementary budget just signed into law by the President.
“It also goes to buttress the argument I have held since the electioneering time that the cost of governance must be drastically reduced.
“A bankrupt country should channel every available resource into funding critical development sectors like security, healthcare, education, and, eradication of poverty by addressing youth unemployment not spending on non-focal areas”.