Governments at all levels in Nigeria have borrowed N225 Trillion in the last 23 years – Peter Obi, #Governments #Levels #Nigeria #Borrowed #N225 #Trillion #Years #Peter #Obi Welcome DIALOGUECENTRE.ORG BLOGHere are the latest news and popular news we have for you today: :
The Peoples Democratic Party (PDP) and the current All Progressives Congress (APC) have been accused of reckless borrowing and spending of over $500 billion in the last 20 years, according to the presidential candidate of Peter Obi’s Labor Party.
This was right after he insisted that Nigeria’s annual exports were less than $30 billion.
Obi also admitted that even though some of his numbers are wrong at times, they are not enough to negate the current facts and figures he presents to Maori.
Obi said this on Thursday when the Labor party and Obi-Datti’s support group held their first meeting at the International Conference Center in Abuja.
To get to know the leaders of the group and other plans for organizing their national organization, the group gathered in Abuja.
Speaking at the event, the former governor of Anambra State also disclosed how he persuaded Senator Yusuf Datti to accept the offer as his running mate.
“We have been doing democracy for the last 23 years,” he said. It will be 24 years in a year. Governments in Nigeria at all levels have borrowed more than N225 trillion so far. Keep the N200 trillion because some of that money was borrowed when the currency was at $100, $150, $190, and $200.
Only 43 million Nigerians are currently employed and there are over 100 million unemployed, he said. He said the youth population is the majority of these unemployed.
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