Ex-Governor Peter Obi: Nigeria’s economy on life support - AFRICAN PARLIAMENTARY NEWS



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Saturday, August 25, 2018

Ex-Governor Peter Obi: Nigeria’s economy on life support

Mr. Peter Obi
A former governor of Anambra State, Mr. Peter Obi, has said that country’s economy is on life support due to the rising debt which he said amounted to N22.7 trillion.

Obi also disclosed that the unemployment rate was 60% orchestrated by bad governance, stressing that if 50 per cent of the country’s revenue is used to settle such debt Nigerians will continue to groan.

He stated this at the 2018 This Generation Conference organised by the Summit Bible Church, with the theme ‘Taking Responsibility, Making Nigeria Great,’ on Saturday, in Abuja.

He further implored voters to weed out people who lacked the technical know-how to revamp the economy and render good services.

According to him, “Our educational system is too low. Our per capital is 2000. And since your growth population is higher than the growth of your GDP the consequence in the future will be higher than what it is today.

“China adopted the Millennium Development Goals when it was told that it had the poorest people in the world and it took over four hundred million people out of poverty.”

He, however, said that for Nigeria to get it right, people who have ideas, capacity and have managed resources before should be brought forward to change the poor narrative.

Meanwhile, Convener of the programme, Dr. Andy Osakwe, challenged youths to be active in politics and take their destinies into their hands not by thuggery but by asking questions and voting competent representatives.

Osakwe added that “A lot of people tend to blame other people for the current state of our nation; it is time for us to take ownership of our condition and also our destiny.

“Even though different generations have taken different positions as to who is responsible for the not-so-great status of Nigeria today, there is a consensus on the fact that Nigeria already has within its borders all that is required to become one of the most secure and prosperous countries in the world,” he said.

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