Peter Obi, a former vice presidential candidate of the
Peoples Democratic Party, PDP, has said Nigerians are getting poorer because
the Federal government is borrowing for the wrong reasons.
The former vice-presidential candidate who said this during
an interview on Channels Television argued that while it is not a crime to
borrow money, the funds must be used solely for productions that enhance the
lives of the citizens and enrich the economy.
According to the former Anambra State Governor, the Nation’s
Gross Domestic Product (GDP) cannot be growing while the people are getting
poorer.
“Are you borrowing for productivity or are you borrowing for
consumption? My worry here is that we are borrowing for consumption.
“I am saying that the country is not productive and there is
nothing wrong in borrowing; if you are borrowing, then it shouldn’t be for
consumption and that’s why more and more people are getting poorer,” he said.
He further noted that the growth Nigeria needs is one that
“pulls people out of poverty by making the people have disposable income and be
able to feed themselves”.
”Nigeria as a nation needs the kind of growth that will
educate the children and provide primary health care for all communities.
“The country must do away with speculative growth that is
given media hype without positively affecting the masses,” he added.
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