Former Anambra State Governor and 2019 Vice Presidential candidate of the Peoples Democratic Party, Mr. Peter Obi has noted that Nigeria wastes too much resources on unnecessary things.
This he submitted as part of his reaction to the news that Nigeria’s economy has entered into another recession.
He also blamed the administration of President Muhammadu Buhari noting that it failed to properly manage the funds borrowed during the last recession and has no concrete plans to manage the current recession.
Obi who spoke when he appeared on Channels Television’s Sunday Politics added that the cost of governance is too high and needs to be cut down.
Furthermore, he urged the political class to shift focus away from the 2023 general elections but rather concentrate on dragging the country out of the current economic recession which some analysts have already described as the worst since 1987.
“Every other country is discussing the recession and how to pull their people out of poverty,” Obi said.
“So what we should do now is to concentrate on the monetary and fiscal policies to start pulling people out of poverty.
“If you see what happened with recent protests, you could see that we are heading into a problem.
“And I want our energy to be concentrated in that problem. The politicians, the class where I belong, should do more seriously, across party lines, to be able to arrest the situation before it gets out of hand.
“For me, it is in discussing how do we put food on people’s table? Elections will come and we can see how to select the best. But let’s deal with the recession we have just entered before 2023.”
“The cost of governance is not acceptable.
“There is too much waste. This recession is going to be worse than in 2016 because the monies we borrowed then were not properly invested,” Obi added.