Godwin Obaseki, the governor of Edo State, has declared that Nigeria is technically bankrupt.
In an interview with Channels Television’s Politics Today on Thursday, Obeseki expounded on his concerns about the country’s financial situation.
While criticizing the Federal Government for remaining trapped in the past, the governor stressed the critical necessity for reorganization to allow growth.
“Nigeria is technically bankrupt. When you are bankrupt anywhere in the world like in the state.
“You restructure your affairs so that you can reorganize and be able to meet your obligations. But Nigeria is still behaving as if they have money like it used to.
“Nigeria has been in trouble for a while. We don’t have enough to cover our expenditures and we are not reducing our expenditures and we are not earning more. The federal government does not have the capacity anymore to manage the economy.”
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