Peter Obi Fires FG After Ribadu Said Tinubu Inherited a Bankrupt Country
- Peter Obi has asked the federal government to share what assets and deficits they inherited from the previous administration of Muhammadu Buhari
- The Labour Party presidential candidate said that the Bola Tinubu government giving these details would ensure transparency and accountability
- Obi's remarks were in reaction to National Security Adviser Nuhu Ribadu's recent claim that the ruling APC government inherited a bankrupt country
Legit.ng journalist Ridwan Adeola Yusuf has over 6-year-experience covering politics and elections in Nigeria
FCT, Abuja - Peter Obi has said the alarm raised by the federal government about the bad state of Nigeria’s finances 'raises questions about the rationale behind some expenditure items in the supplementary budget recently signed into law'.
Peter Obi, the presidential candidate of the Labour Party (LP) during the February 2023 election, said the revelation had also buttressed the argument that the cost of governance needed to be drastically reduced.
Source: Twitter
Obi reacts to 'Nigeria in bankruptcy' claim
Obi shared his thoughts via his verified X (formerly Twitter) account on Thursday, November 16.
His statement about the Bola Tinubu administration inheriting a bankrupt country reads in part:
“Recall that the previous APC government made a similar claim in 2015 against the PDP administration that handed over to them without telling the nation what it actually inherited.
“Rather, they took our debt profile from N12.6 trillion in 2015 to N87 trillion in 2023 when they left office without improving on any indices of development: Education, Health, Poverty eradication, and Security."
Obi stated that instead, Nigeria's status in every development index had worsened under the APC's watch.
He believes that the citizens were experiencing just how bad things are and wanted to know what measurable and verifiable steps were being taken to improve the situation.
“Also, the alarm raised by the government about the bad state of our finances raises questions about the rationale behind some expenditure items in the supplementary budget recently signed into law.
“The present revelation also goes to buttress the argument that I have made since electioneering season that the cost of governance is too high and must be drastically reduced," Obi continued.
Read Peter Obi's full statement about 'inherited bankruptcy' in the tweet below:
Why Tinubu must sack Ribadu - Modibbo
Earlier, Legit.ng also reported that President Bola Tinubu was advised to sack his national security adviser, Nuhu Ribadu.
This call was made in an opinion piece authored by an Abuja-based writer, Abbah Modibo, on Wednesday, November 15.
At a public event, Ribadu criticised the immediate past administration and said his principal inherited a bankrupt nation.
Tinubu signs N2.17trn 2023 supplementary budget
Legit.ng also previously reported that President Tinubu had signed the 2023 supplementary budget at the presidential villa, Abuja.
After a third reading, the N2.17 trillion appropriation bill was eventually passed by members of the Senate and House of Representatives.
Before the supplementary budget was passed, the Senate had adopted a report submitted by the Appropriations Committee chairman.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Source: Legit.ng
