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Obi voids FG claims, says debt at N22.7tr, economy now on life support

Contrary to the assurances of the federal government through the embattled Minister of Finance, Mrs. Kemi Adeosun and the Director General of Debt Management Office (DMO) that the economy is not at risk over the surging debt profile of N22.7tr, development economist and former governor of Anambra State, Mr Peter Obi, has said that Nigerian economy is currently on life support within a careless Intensive Care Unit (ICU).

Speaking at the ‘2018 This Generation Conference’, organised by the Summit Bible Church, with the theme: “Taking Responsibility, Making Nigeria Great,” held recently in Abuja, Obi averred that a high unemployment rate caused by bad governance has remained a perennial challenge to the economy,” stressing that “Even if 50 per cent of the country’s revenue was used to settle its huge debt, Nigerians will continue to groan”.

Obi was quick to advise Nigerians to weed out people who lacked the technical know–how to revamp the nation’s economy and render good services.

According to him, “Our educational system is too low. Our per capita is N2000, and since our population growth is higher than the growth of our GDP, the consequences in the future will be higher than what it is today.

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

There are strong indications that former Governor Obi may be drafted in as a Vice presidential candidate by one of the leading opposition party when the chips are down within the next few months as electioneering engineering continues with strategic alignment and realignments.