Obi urges President Tinubu to Disclose the Inherited FG Finance Status from Former President Buhari
The 2023 polls Labour Party presidential candidate, Peter Obi has asked President Tinubu to make public the state of Federal Government’s finance it inherited from former President Buhari.
He said the disclosure would enable Nigerians to know the level of deficit that his administration inherited from Buhari, and the future of the country.
Obi made the call in a post on his X post handle, in a reaction to revelation by the National Security Adviser, Mallam Nuhu Ribadu, that Tinubu inherited a bankrupt economy last May 29.
The Labour candidate told Tinubu to reveal the magnitude of deficit in the inherited federal government’s finance, in the spirit of transparency and accountability.
Obi said he was shocked that Buhari which inherited N12.6 trillion debt in 2015, left behind N87 trillion debt while leaving office in 2023.
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.
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.
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 in non-essential areas.
So, what we expect are measurable and verifiable steps to improve the situation.