Former governor of Anambra State,
Peter Obi has revealed that state governors during the last administration
shared billions among themselves.
Obi said this on Wednesday
morning while analysing the state of the economy on Channels TV.
He recalled how the former
Minister of Finance, Ngozi Okonjo-Iweala begged the State Governors at the time
to save for the future in the Sovereign Wealth Fund (SWF), a programme that was
meant to save fund for the nation, but most of them refused and shared the
money.
Obi said, “Over the years, things
have gone wrong, I remember Ngozi Okonjo-Iweala crying every day to governors
to save these monies and invest in the Sovereign Wealth Fund (SWF), a programme
that was meant to save fund for the nation to cater for a rainy day as
presently experienced.
“All of us disagreed and said
let’s share it. Some governors even went to court to get the federal government
to allow them to share the money among themselves. ”
Further speaking, Obi called on
the federal government to stop borrowing as they keep plunging Nigeria into
poverty.
“Borrowing for consumption will
not grow the economy, it gets to a state where you can’t control it. The amount
being used to service our debt today is high, we use almost 60% to service them
and we are borrowing more, it’s escalating.
“World Bank and IMF have warned
Nigeria against rising debt.
“You are borrowing money and the
issues that it was supposed to affect is not coming down. Unemployment is
worsening. Our unemployment rate moved from 14.8% to 18.8% this year, which
means more people have lost their jobs.
“The economy is shrinking, the entire
capital votes this year ‘is’ borrowed, and we have existing debts already.
Poverty is increasing, out of school children have moved from 10 million to
almost 12 million,” Obi added.
Thief calling thief, are you not a thief yourself? because you now defect so that they will not probe you, you are now running your mouth like tap water, nonsense
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