Peter Obi Fires FG After Ribadu Said Tinubu Inherited a Bankrupt Country

• Peter Obi has asked the federal government to reveal to the public the assets and deficits they inherited from the previous administration of Muhammadu Buhari
• Obi said the Bola Tinubu government doing this will ensure transparency and accountability
• Obi's remarks were a reaction to the national security adviser (NSA), Nuhu Ribadu's recent claim that the ruling All Progressives Congress (APC) government inherited a bankrupt country from the previous administration

Legit.ng journalist Ridwan Adeola Yusuf has over 6-year-experience covering politics and elections in Nigeria

FCT, Abuja - Peter Obi has said the alarm raised by the federal government about the bad state of Nigeria’s finances “raises questions about the rationale behind some expenditure items in the supplementary budget recently signed into law”.

Obi, the presidential candidate of the Labour Party (LP) during the February 2023 election, said the revelation also goes to buttress the argument that the cost of governance must be drastically reduced.

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Obi reacts to 'Nigeria in bankruptcy' claim

Obi shared his thoughts via his verified X (formerly Twitter) account on Thursday, November 16.

Obi's statement partly reads:

“Recall that the previous APC government made a similar claim in 2015 against the PDP administration that handed over to them without telling the nation what it actually inherited.

“Rather, they took our debt profile from N12.6 trillion in 2015 to N87 trillion in 2023 when they left office without improving on any indices of development: Education, Health, Poverty eradication, and Security.

“Instead, the condition of the nation on every development index got worse, leading to the present sad state. Nigerians know things are bad, and they experience it daily. What they now want to hear regularly are measurable and verifiable steps to improve the situation.

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“Also, the alarm raised by the government about the bad state of our finances raises questions about the rationale behind some expenditure items in the supplementary budget recently signed into law.

“The present revelation also goes to buttress the argument that I have made since electioneering season that the cost of governance is too high and must be drastically reduced."

Read Obi's full statement in the tweet below:

Why Tinubu must sack Ribadu - Modibbo

Earlier, Legit.ng reported that President Bola Tinubu was advised to sack his national security adviser, Nuhu Ribadu.

This call was made in an opinion piece authored by an Abuja-based writer, Abbah Modibo, on Wednesday, November 15.

At a public event, the ex-Economic and Financial Crimes Commission (EFCC) boss allegedly criticised the immediate past administration and said his principal inherited a bankrupt nation.

Tinubu signs N2.17trn 2023 supplementary budget

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Legit.ng also reported that President Tinubu signed the 2023 supplementary budget of N2.17 trillion at the presidential villa, Abuja.

Federal lawmakers said the budget will benefit Nigerians.

Source: Legit.ng