N22.7trn Debt: Nigeria’s Economy On Life Support – Peter Obi

Anambra state former governor, Mr. Peter Obi says the country’s economy is on life support following the unprecedented hike in the country’s debt profile.

Peter Obi, made this revelation while he was speaking at the generation conference organised by the Summit Bible Church last weekend, and according to him, with Nigeria’s debt of N22.7 trillion and the present unemployment rate at which is said to be 60 per cent, it will take a miracle for the country to survive unless people with proven experience in the management of resources are elected into leadership positions in the country.

While pleading with Nigerians to choose their leaders wisely during elections, he said that 50 per cent of the country’s revenue is used to settle such debt, Nigerians will continue to groan and called on Nigerians to vote out people who lacked the technical know-how to revamp the economy and render good services.

“Our educational system is too low. Our per capita 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 400 million people out of poverty,”

He expressed optimism that Nigeria will get it right some­day, emphasising that people who have ideas, capacity and have managed resources be­fore should be brought forward to change the poor narrative.
The convener of the pro­gramme, Andy Osakwe, chal­lenged youths to be active in politics. He said:

“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.”

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