Former Governor of Ogun State, Olusegun Osoba, has revealed that President Bola Tinubu’s administration met an empty treasury upon assuming office.

According to Osoba, the situation compelled the Tinubu-led administration to embark on a borrowing spree as a stopgap measure.

Osoba made the remarks during an appearance on Arise Television, emphasizing the efforts made by Tinubu’s government to navigate the prevailing economic hardships in the country.

He assured Nigerians that while borrowing became necessary in the interim, the administration would review and adjust its strategies after the initial phase.

“When the treasury was empty and the last administration was borrowing to pay salaries, the whole place was empty. What else can you do other than in the meantime, borrowing to fill the gap?

“That does not mean that the culture of borrowing will go on forever. You met an empty treasury. There was nowhere to turn other than to still engage in a bit of borrowing. After the first year in office, the whole thing will be reviewed and we will see.

“Talking of borrowing, when your pocket is empty, you have to go to your bank to shore you up for some time. It depends on how you manage that situation.

“I have explained to you that we are lucky, but by June 1, the whole system was set up to totally collapse. I’m telling you if he (Tinubu) didn’t go the way the government had to go (things would have collapsed),” Osoba stated.

Despite acknowledging the current hardship, Osoba conveyed optimism for 2024, expecting improvements in the country’s economic conditions under Tinubu’s leadership.

Regarding the recent increase in the 2024 budget, Osoba asserted that the key lay in its practical implementation, highlighting the need for reasonable utilization of allocated funds.

Responding to inquiries about Tinubu’s absence from Plateau State amidst security crises, Osoba emphasized the president’s commitment to addressing the root causes rather than token appearances.

Osoba defended Tinubu’s policy decisions, acknowledging their impact on the rich and the poor and attributing them to the imperative of fostering economic growth.

He criticized the wasteful spending and extravagance among state governments, urging sub-national entities to curb excesses and enhance fiscal responsibility to alleviate financial strains.

Osoba is now a Lie Mohamed replacement. Why do Nigerian old men lie? God forbid. One good colonel is enough for us all.

Another shameless old man. Who did this to us sef

Yet nobody is accounting for the previous administration

Wouldn't it be wise that he catches his APC friends that emptied the treasury within 8 years and return back our treasures?


















Ohhh....I forgot, he can't probe his Fulani master.

So Buhari and his gang emptied the treasury.Buhari should come out and defend himself, silence means consent.

So nigeria is living on life support,no wonder they are borrowing to service debt

Nigeria is a keg of gunpowder waiting to explode.

Precious452:
Wouldn't it be wise that he catches his APC friends that emptied the treasury within 8 years and return back our treasures?


















Ohhh....I forgot, he can't probe his Fulani master.

Never. He can't dare the Fulani master.. . Never.

Osoba that was kicked out of government in 2003 because of non efficiency in Ogun. Very proud and pompous and inefficient Govornor.

Always coming in public then and yarning nonesense. I thought he might have changed as he is now and elderly Man,but No,Baba is still here saying rubbish

Every govt federal or state will always claim their predecessor left an empty treasure but you will see them and legislators buying cars and houses with empty treasure

Emefiele, Hadi Sirika, for Humanitarian Minister

Gjrich:



Former Governor of Ogun State, Olusegun Osoba, has revealed that President Bola Tinubu’s administration met an empty treasury upon assuming office.

According to Osoba, the situation compelled the Tinubu-led administration to embark on a borrowing spree as a stopgap measure.

Osoba made the remarks during an appearance on Arise Television, emphasizing the efforts made by Tinubu’s government to navigate the prevailing economic hardships in the country.

He assured Nigerians that while borrowing became necessary in the interim, the administration would review and adjust its strategies after the initial phase.

“When the treasury was empty and the last administration was borrowing to pay salaries, the whole place was empty. What else can you do other than in the meantime, borrowing to fill the gap?

“That does not mean that the culture of borrowing will go on forever. You met an empty treasury. There was nowhere to turn other than to still engage in a bit of borrowing. After the first year in office, the whole thing will be reviewed and we will see.

“Talking of borrowing, when your pocket is empty, you have to go to your bank to shore you up for some time. It depends on how you manage that situation.

“I have explained to you that we are lucky, but by June 1, the whole system was set up to totally collapse. I’m telling you if he (Tinubu) didn’t go the way the government had to go (things would have collapsed),” Osoba stated.

Despite acknowledging the current hardship, Osoba conveyed optimism for 2024, expecting improvements in the country’s economic conditions under Tinubu’s leadership.

Regarding the recent increase in the 2024 budget, Osoba asserted that the key lay in its practical implementation, highlighting the need for reasonable utilization of allocated funds.

Responding to inquiries about Tinubu’s absence from Plateau State amidst security crises, Osoba emphasized the president’s commitment to addressing the root causes rather than token appearances.

Osoba defended Tinubu’s policy decisions, acknowledging their impact on the rich and the poor and attributing them to the imperative of fostering economic growth.

He criticized the wasteful spending and extravagance among state governments, urging sub-national entities to curb excesses and enhance fiscal responsibility to alleviate financial strains.

Old age has caught up with Baba Segun Osoba. The same people that were praising Buhari, when he was running Nigeria aground.

The empty Treasury is Jonathan's fault.

If only we still have courageous men in the military these fellows would all known their place.

He surrender

Na so.


Excuse upon excuse.

Borrow borrow government. Soon una go borrow the entire country in exchange for china currency

iwaeda:


Old age has caught up with Baba Segun Osoba. The same people that were praising Buhari, when he was running Nigeria aground.

Not old age but outright dishonesty. The same people that told us without buhari, Jonathan would have finished Nigeria are now telling us that without tinubu, buhari would have finished Nigeria

Gjrich:



Former Governor of Ogun State, Olusegun Osoba, has revealed that President Bola Tinubu’s administration met an empty treasury upon assuming office.

According to Osoba, the situation compelled the Tinubu-led administration to embark on a borrowing spree as a stopgap measure.

Osoba made the remarks during an appearance on Arise Television, emphasizing the efforts made by Tinubu’s government to navigate the prevailing economic hardships in the country.

He assured Nigerians that while borrowing became necessary in the interim, the administration would review and adjust its strategies after the initial phase.

“When the treasury was empty and the last administration was borrowing to pay salaries, the whole place was empty. What else can you do other than in the meantime, borrowing to fill the gap?

“That does not mean that the culture of borrowing will go on forever. You met an empty treasury. There was nowhere to turn other than to still engage in a bit of borrowing. After the first year in office, the whole thing will be reviewed and we will see.

“Talking of borrowing, when your pocket is empty, you have to go to your bank to shore you up for some time. It depends on how you manage that situation.

“I have explained to you that we are lucky, but by June 1, the whole system was set up to totally collapse. I’m telling you if he (Tinubu) didn’t go the way the government had to go (things would have collapsed),” Osoba stated.

Despite acknowledging the current hardship, Osoba conveyed optimism for 2024, expecting improvements in the country’s economic conditions under Tinubu’s leadership.

Regarding the recent increase in the 2024 budget, Osoba asserted that the key lay in its practical implementation, highlighting the need for reasonable utilization of allocated funds.

Responding to inquiries about Tinubu’s absence from Plateau State amidst security crises, Osoba emphasized the president’s commitment to addressing the root causes rather than token appearances.

Osoba defended Tinubu’s policy decisions, acknowledging their impact on the rich and the poor and attributing them to the imperative of fostering economic growth.

He criticized the wasteful spending and extravagance among state governments, urging sub-national entities to curb excesses and enhance fiscal responsibility to alleviate financial strains.

Agba ofoo. agba radarada

Tinubu should try and make things better.

Yorubas who supported Tinubu should be shame of themselves...

What is this?

Osinbajo, Fashola were all part of the previous administration.

Infact same Tinubu was Party leader

You met an empty treasury yet those who emptied the treasury are still walking freely all over the country while you're doing eye service with Emefiele matter. So what do you want us to do ? 23 trillion naira ways and means (an anomaly on its own) was wasted without anything to show for it, that's enough money to finance our budget by current ridiculous estimates for at least two years and we haven't even spoken about the blood curdling criminality that happened in line items for at least the last seven years. Mr President knows where to get money from free of charge without lifting a finger talk less of paying any interest. Do this, utilize efficiently and watch Nigerians sing your praises, any other thing is just disturbance