Oyogist.com has learned that the Governor of Edo State, Godwin Obaseki, has claimed that Nigeria is in huge financial trouble.
Obaseki said this while reacting to the report of FG printing N60 billion as part of federal allocation for March.
An overview by the National Bureau of Statistics (NBS), shows that Nigeria’s total public debt stock as of the third quarter of 2020 (Q3 2020) rose by N6.01 trillion within a year.
Gov. Obaseki said;
“Nigeria has changed. The economy of Nigeria is not the same again whether we like it or not. Since the civil war, we have been managing, saying money is not our problem as long as we are pumping crude oil everyday,” he said.
“So we have run a very strange economy and strange presidential system where the local, state and federal government, at the end of the month, go and earn salary. We are the only country in the world that does that.