Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,148,779 members, 7,802,395 topics. Date: Friday, 19 April 2024 at 01:39 PM

Nigerian Economy On Life Support - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigerian Economy On Life Support (240 Views)

Ajimobi Hasn’t Been Disconnected From Life Support But He's Gone- Fisayo Soyombo / Maina's Family Says He Is Now Too Broke, On Life Support For 15 Years / Peter Obi: Nigeria’s Economy On Life Support Over N22.7trn Debt (2) (3) (4)

(1) (Reply)

Nigerian Economy On Life Support by ayodelej(m): 8:55am On Aug 26, 2018
A former governor of Anambra, Peter Obi, has said that the Nigerian economy is on life support due to the rising debt profile of about N22.7 trillion.

Mr 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 per cent 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 lack the technical know-how to revamp the nation’s economy and render good services.

“Our educational system is too low. Our per capita 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.”

Mr Obi, however, said that for Nigeria to get it right, people who have ideas, capacity and have managed resources before should be brought forward to change the poor narrative.
Re: Nigerian Economy On Life Support by Ekez(m): 9:13am On Aug 26, 2018
They have ruined our economy and they want to continue ruinin it till 2023 but we'll suprise them

(1) (Reply)

Osun Speaker To Citizens: Reality Of Good Governance Would Soon Dawn On You / Lagos Owes $1.45b Foreign Debt / Election Will Be Won By Votes, Not Campaign Ground Antics – APC Brag

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.