Nigerians must enthrone visionary leaders in 2023 to abate economic downturn – Peter Obi


Peter Obi

Ahead of 2023 general elections, former Governor of Anambra State, Peter Obi, has said that for Nigeria to overcome her economic challenges, Nigerians must ensure the enthronement of visionary leaders in coming elections.

The former Vice-Presidential candidate of the People’s Democratic Party (PDP) in the 2019 Presidential election made this known in a series of tweets on Thursday.

He noted that the call had become imperative following the mismanagement of borrowed funds which had become major contributors to the country’s economic woes.

He tweeted, “Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges confronting Nigeria today.

“Today, we are spending 90% of our revenue servicing debts because, ironically, our borrowed funds were mismanaged and have not been properly invested.

“If the funds borrowed were invested in critical areas of development, education, health, and poverty alleviation, Nigeria would have developed far beyond what it is today. There is nothing wrong with borrowing. But what we need to do is to put a law in place that if we must borrow, it must strictly be for investment in areas of growth. Many countries have built robust economies with borrowed funds. We can do the same if only we enthrone visionary and committed leadership.”

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