The governor of Edo State, Godwin Obaseki, has declared that Nigeria is effectively bankrupt.
In an interview on Channels Television’s Politics Today, Obaseki expressed his worries about the country’s financial situation.
He criticized the Federal Government for its outdated approach and underscored the necessity for restructuring to drive development.
“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
