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Nigerians getting poorer because of FG’s borrows for wrong reasons – Peter Obi



Peter Obi, a former vice presidential candidate of the Peoples Democratic Social gathering, PDP, has stated Nigerians are getting poorer as a result of the Federal authorities is borrowing for the incorrect causes.

The previous vice-presidential candidate who stated this throughout an interview on Channels Tv argued that whereas it isn’t against the law to borrow cash, the funds have to be used solely for productions that improve the lives of the residents and enrich the economic system.

In response to the previous Anambra State Governor, the Nation’s Gross Home Product (GDP) can’t be rising whereas the persons are getting poorer.

“Are you borrowing for productiveness or are you borrowing for consumption? My fear right here is that we’re borrowing for consumption.

“I’m saying that the nation will not be productive and there’s nothing incorrect in borrowing; if you’re borrowing, then it shouldn’t be for consumption and that’s why increasingly more persons are getting poorer,” he stated.


He additional famous that the expansion Nigeria wants is one which “pulls folks out of poverty by making the folks have disposable earnings and be capable of feed themselves”.

”Nigeria as a nation wants the form of progress that may educate the youngsters and supply main well being look after all communities.

“The nation should cast off speculative progress that’s given media hype with out positively affecting the lots,” he added.

Why FG received’t cease borrowing from different international locations – Finance Minister, Zainab Ahmed

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