October 23, 2018

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‘Nigerian economy on life support’ (Nation)

‘Nigerian economy on life support’ (Nation)

Peter Obi,  a former governor of Anambra, has said that Nigerian economy is on life support due to the rising debt profile of about N22.7 trillion.

Obi, disclosed this at the ‘2018 This Generation Conference’ organised by the Summit Bible Church, with the theme: “Taking Responsibility, Making Nigeria Great,” on Saturday, in Abuja.

According to him, the high unemployment rate was orchestrated by bad governance and if 50 percent of the country’s revenue is used to settle such debt Nigerians will continue to groan.

The former governor, who was the guest speaker implored voters to weed out people who lacked the technical know-how to revamp the nation’s economy and render good services.

“Our educational system is too low. Our per capital is 2000, 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.”

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