The Labour Party presidential candidate in the 2023 election, Peter Obi has slammed President Bola Tinubu over claims of inheriting a bankrupt nation from the immediate past administration of President Muhammadu Buhari.
President Tinubu, on Monday night, lamented that Nigeria has severe deficits in port, power infrastructure and agro-allied facilities, saying that his administration would ensure that all the shortcomings are addressed.
President Tinubu said even though his government also inherited assets from his predecessors, he would not make any excuses.
In a statement via X on Thursday, Peter Obi faulted the All Progressives Congress (APC) government for failing to disclose the degree of deficit inherited, which would help the public know where the country is headed.
The former Governor of Anambra State recalled how the APC administration also blamed the Peoples Democratic Party (PDP) in 2015 for inheriting a bankrupt nation and subsequently increasing the country’s debt profile.
Peter Obi added that the recent revelation calls for the need to drastically reduce the cost of governance.
Also, he noted that the alarm raised by the government about the bad state of Nigeria’s finances raises questions about the rationale behind some expenditure items in the supplementary budget recently signed into law.
