According to Edo State Governor Godwin Obaseki, Nigeria is technically bankrupt.
In a Thursday interview with Politics Today on Channels Television, Obeseki went into further detail about his worries about the state of the nation’s finances.
The governor underlined the critical need for restructuring to promote growth while denouncing the Federal Government for being mired in the past.
“Nigeria is technically bankrupt. When you are bankrupt anywhere in the world like in the state.
“You restructure your affairs so that you can reorganize and be able to meet your obligations. But Nigeria is still behaving as if they have money like it used to.
“Nigeria has been in trouble for a while. We don’t have enough to cover our expenditures and we are not reducing our expenditures and we are not earning more. The federal government does not have the capacity anymore to manage the economy.”
Watch the video below:
Nigeria is technically bankrupt. The federal government does not have the capacity to manage the economy the way it is doing today.
– Godwin Obaseki, Governor of Edo State#PoliticsToday#CTVTweets pic.twitter.com/SYaL5lXARs
— Channels Television (@channelstv) September 19, 2024
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