Governor Obaseki's spurious, alarmist, untrue, and wicked claims on Nigeria's Economy

The Chairman, Caretaker Committee of the All Progressive Congress, APC, Edo State, Col David Imus has described as “spurious, alarmist, untrue and wicked”, the allegation by Governor Godwin Obaseki that Nigerians will soon wake up like the South American country, Argentina.

Col Imus in a statement by the Edo APC Assistant Publicity Secretary, Victor Osehobo also described as laughable, unwarranted, and unfounded claims, credited to Governor Obaseki last week, that the country's economic situation is more critical now because of the huge amount borrowed to service it, adding that the situation is a classic case of the Pot calling the Kettle black.

He said, " the true position is that under Governor Obaseki's watch, the economy of Edo state is in dire straits with the Governor bereft of ideas about how to get it out, with a foreign debt of $300million and a domestic debt including loans from commercial banks, the capital market, and other doubtful sources, approaching N120billion as at March this year, for non-existent projects"!

According to the Edo APC chairman, "In the past seven months, Governor Obaseki has plunged Edo state into higher debts by taking more loans which have seen a 67 percent increase in its debt profile. Edo state under Governor Obaseki has overtaken Rivers state as the state with the highest foreign and domestic debt in South-South Nigeria, and is on a steady course to displace Lagos as Nigeria's most indebted State".

Col Imuse added that Edo State now spends more money servicing debts than on education, healthcare, and infrastructure without a State Cabinet and an aged public service, whereas other states are working assiduously at reducing the debt burden on their citizens.

"Some state governments have embarked on the reduction of their domestic debts as of the end of September 2020 according to the Debt Management Office which lists Kogi state government as having reduced the state debt from a cumulative N132.5 billion it was as of December 31, 2019, to N73, 314,904,696.35", Col Imuse added

Col Imus said that the PDP Edo state government led by Governor Obaseki is right now holding tenaciously to straws, by personalizing his criticism of the Nigerian government, and urged the governor not to hide under the title of Investment Banker to earn cheap fame.

He admonished Governor Obaseki to, “use the form created by the National Economic Council, the Nigerian Governors Forum and the Nigerian Economic Summit, of which he is a member to offer useful ideas, if he has any, rather than singling himself out for pediatric applause, because the management of Nigeria's economy is not just the responsibility of one person, but that of the Nigerian government, of which he is a part".

“For the governor's puerile claims to hold water, which it cannot, it has to be backed with facts, not speaking blindly with a pocket of sycophants at his Benin office. Everybody today knows that since 2015 when APC came on the scene, Nigeria has been on the path of progress and things are much better than how PDP left it.”

Dat fg printed 60billion naira to settle people.

Did the FG print money to settle states ? Yes and they've been doing so since 2016. Your Minister of finance and Central bank governor haven't deemed it fit to dispute this allegation, they're the only ones I'll listen to not an unknown APC îmbecile

aguele:
Governor Obaseki's spurious, alarmist, untrue, and wicked claims on Nigeria's Economy

The Chairman, Caretaker Committee of the All Progressive Congress, APC, Edo State, Col David Imus has described as “spurious, alarmist, untrue and wicked”, the allegation by Governor Godwin Obaseki that Nigerians will soon wake up like the South American country, Argentina.

Everybody today knows that since 2015 when APC came on the scene, Nigeria has been on the path of progress and things are much better than how PDP left it.”

Na thunder go fire this im.be.cile fulani slave Edo APC chairman. We dey Benin dey wait for una for 2023.