Nigeria collapsing under $80bn debt – Obi peter warns
ONITSHA—FORMER Governor of Anambra State and Vice-Presidential candidate of the Peoples Democratic Party, PDP, Peter Obi, has decried the current high debt profile of Nigeria which the current Federal Government plunged the country into.He said it was “quite unfortunate that Nigeria was owing $30 billion some time ago and our creditors
cancelled the debts for the nation to move forward and now, this present regime has plunged us into a deeper debt profile to the tune of $80 billion, an indication that the nation is collapsing.'
Obi who spoke inside Onitsha prisons during the 65th birthday ceremony of the Metropolitan Archbishop of Onitsha Catholic Ecclesiastical Province, His Grace, Most Rev. Valerian Maduka Okeke, said over 13.5 million Nigerian children are not in school, just as unemployment rate soars to very disturbing height. He contended that his choice as the vice presidential candidate does not in any way call for celebration because the situation of Nigeria at the moment, requires an aggressive approach to ameliorate the situation, adding that when elected as vice president, he would personally work for the renovation of all the schools in the country.
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