Tell The Country What You Inherited, Peter Obi Slams FG Over Bankruptcy

The Labour Party candidate in the February 25 presidential election, Peter Obi, has challenged the Federal Government to disclose the nation’s incurred deficit by the President Bola Tinubu-led administration.

The Labour Party candidate, Peter Obi, is challenging the Federal Government to reveal the nation’s deficit incurred by the previous administration.

Recall that the National Security Adviser in person of Nuhu Ribadu stated that the current administration received a bankrupt country.

According to series of tweets on the former Anambra State governor’s X,(formerly Twitter), on Thursday, He is demanding transparency and accountability by disclosing the deficit inherited from the previous administration.

The tweets read, “I just read yesterday, a widely publicised story from the present APC-led Federal Government saying that they inherited a bankrupt nation from their predecessor APC administration. But the story failed to disclose what they inherited which had qualified us for bankruptcy status.

“One major characteristic of responsible governance is transparency and strict accountability. This demands that the government disclose exactly the degree of deficit they inherited. What is inherited should be disclosed to enable the public to know where we are and where we are headed.

“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.”

Peter Obi also noted the significance of investing public funds on development sectors such as education, security and healthcare, among others.

“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,” he stated.

He further stressed the Federal Government should decrease its rates of spending to tackle hardship in the country.

“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,” the tweet concluded.