Former governor of Anambra State, Peter Obi has revealed that state governors during the last administration shared billions among themselves.

Obi said this on Wednesday morning while analysing the state of the economy on Channels TV.

He recalled how the former Minister of Finance, Ngozi Okonjo-Iweala begged the State Governors at the time to save for the future in the Sovereign Wealth Fund (SWF), a programme that was meant to save fund for the nation, but most of them refused and shared the money.

Obi said, “Over the years, things have gone wrong, I remember Ngozi Okonjo-Iweala crying every day to governors to save these monies and invest in the Sovereign Wealth Fund (SWF), a programme that was meant to save fund for the nation to cater for a rainy day as presently experienced.

“All of us disagreed and said let’s share it. some governors even went to court to get the federal government to allow them to share the money among themselves. ”

Further speaking, Obi called on the federal government to stop borrowing as they keep plunging Nigeria into poverty.

“Borrowing for consumption will not grow the economy, it gets to a state where you can’t control it. The amount being used to service our debt today is high, we use almost 60% to service them and we are borrowing more, it’s escalating.

“World Bank and IMF have warned Nigeria against rising debt.

“You are borrowing money and the issues that it was supposed to affect is not coming down. Unemployment is worsening. Our unemployment rate moved from 14.8% to 18.8% this year, which means more people have lost their jobs.

“The economy is shrinking, the entire capital votes this year ‘is’ borrowed, and we have existing debts already. Poverty is increasing, out of school children have moved from 10 million to almost 12 million,” Obi added.


source: Governors shared billions despite Okonjo-Iweala’s plea to not impoverish Nigeria – Peter Obi

http://www.eagleee.com/detail?newsId=1322227

We have a long way to go

Jonathan was just too meek

Akpabio and co they APC

Dis man seems confused, 2day he says A 2moro B. Where do u stand Peter Obi?

The ring leaders are in APC today. They even went to court.

Dwelling in the past

iammo:
Jonathan is just too meek

nope, jonathan is not a dictator. What is wrong with nigerians sef?

aolawale025:
The ring leaders are in APC today. They even went to court.

You mind all the hypocrites in this present corrupt government They think everyone is a fool with retrograde amnesia.

PDP?!
NEVER AGAIN!


That is what you get when you have a weak PRESIDENT.
Bunch of buffons!

izombie:
nope, jonathan is not a dictator. What is wrong with nigerians sef?

standing tall against bad policy isn't been a dictator. if he couldn't get it through legal process, he could use the media to heavily engage Nigerians. right now fashola, ameachi and co are still going about in APC blaming him for mismanaging the fund realised from oil price high

Did Dasuki also influence the government to share the Treasury during the election? Peter Obi is known as an advocate of narratives that favour his personal interest.

Most of them are now Apc, they are no longer looters they are SAINTS

The usual attempt to blame the governors for Jonathan's government inability to save during an era of oil boom while absorbing the man who was the head of government. If Ngozi was serious about saving, why did she fail to save federal government's share of the money? Why did she and Jonathan squandered the huge savings that they met in the excess crude account and foreign reserve? This is just another attempt by PDP jobbers to absolve Jonathan of his failures.

Most of the criminals are in APC today parading as saints.

Who is Obi trying to please. I won't be surprised if he ends up like Akpabio.

Peter Obi is shameless. A man that stands for nothing is worst than anything. Obi is a fraud and the South-East should be wary of him. Ekweremadu is far better than him.

So Presidental

PDP satanic party looted Nigeria treasury.they start regrouping to destroy what a new party just did ,

If her hands is clean why has she refused to return home? Regardless of what Peter Obi says Ngozi herself is not convinced she is guilt-free.
This talk from Obi is nothing but PR.

And we all remember it was Ameachi the led the clamour to share Nigerias savings and today APC dolts consider him a saint

ok

Nigeria sorry...

Norway with an excess crude account of worth over one trillion dollars has secured future generations for a post-peak-oil era, while docile Nigerians hail and defend leaders that use their crude oil proceeds to buy houses and exotic cars. When are we going to get smart in this country? If the issue is raised we turn it into ethnic, religious and partisan politics. We in Nigeria live in a circular tunnel that has no lighted end. We well deserve the rogues we have as leaders, with the current attitude we exhibit, i see no chance of us electing good leaders and even if by fluke we elect good people into power, we will either force them to become evil or kill them with our insatiable quest for evil deeds.

In other words, Jonathan was a weak President- Peter Obi
What about Federal Govt share of 52% ...what is it shared by State Governors too, Mr Peter Economist Obi?

I still remember vividly. This stupid rotimi amaechi was the one that championed the decision by governors forum.

Shameless set of leaders! But I am not angry with them, Nigerians are Nigeria's problem. Just watch as the youths are already rushing to nairaland to say Ameachi led the move to squander the monies. Whether Amechi, Saraki, Good luck or PMB were you not robbed? Nigerians when will you have sense. See them sleeping on the queue to get their P VC so as to vote another rogue into power. All politicians regardless of parties don't give a damn about you. They steal the monies meant for future generations and keep them for their kids while they use propaganda to get us playing silly politics.

post=70737594:
PDP?!
NEVER AGAIN!


That is what you get when you have a weak PRESIDENT.
Bunch of buffons!

Weak president really? I am sure you know more than this.

Those state government are crazy, don't share the money and they will start making threats. You think same thing is not going on in this administration also?