Godwin Obaseki, the governor of Edo State has stated that
Nigeria is technically bankrupt.
Obeseki during an interview on Channels Television’s
Politics Today on Thursday, elaborated on his concerns over the country’s
financial health.
While criticising the Federal Government for being stuck in
the past, the governor emphasized the urgent need for restructuring to
facilitate progress.
“Nigeria is technically bankrupt. When you are bankrupt
anywhere in the world like in the state.
“You restructure your affairs so that you can reorganize and
be able to meet your obligations. But Nigeria is still behaving as if they have
money like it used to.
“Nigeria has been in trouble for a while. We don’t have
enough to cover our expenditures and we are not reducing our expenditures and
we are not earning more. The federal government does not have the capacity
anymore to manage the economy.”
Watch the video below:
Nigeria is technically bankrupt. The federal government does not have the capacity to manage the economy the way it is doing today.- Godwin Obaseki, Governor of Edo State#PoliticsToday#CTVTweets pic.twitter.com/SYaL5lXARs— Channels Television (@channelstv) September 19, 2024
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