Peter Obi asks FG to focus on reduction of poverty, says current recession will be worse than 2016

Obinwannem News Peter Obi asks FG to focus on reduction of poverty, says current recession will be worse than 2016

The 2019 vice-presidential candidate of the Peoples Democratic Party, Peter Obi has asked Federal Government to focus on how to curtail poverty than 2023 presidential election.

The former state Governor, who stated this on Sunday, noted that every other country is discussing the recession and how to pull their people out of poverty, he advised the APC-led government to concentrate on the monetary and fiscal policies to start pulling people out of poverty.

Obi maintained that the 2023 elections have no impact on people’s current livelihoods, which has been put in dire circumstances by the coronavirus pandemic.

“This recession is going to be worst than in 2016 because the monies we borrowed then were not properly invested,” Obi said. Obi lambasted the current administration over its propensity to borrow for corruption and inability to cut government expenses and for not adequately preparing the country for the impact of the pandemic.

“If you see what happened with recent protests, you could see that we are heading into a problem. And I want our energy to be concentrated in that problem. The politicians, the class where I belong, should do more seriously, across party lines, to be able to arrest the situation before it gets out of hand.

“For me, it is in discussing how do we put food on people’s table. Elections will come and we can see how to select the best. But let’s deal with the recession we have just entered before 2023.”

“The cost of governance is not acceptable,” he said. “There is too much waste.

“What we need now is to go into a vigorous regime of formulating implementable and measurable monetary and fiscal policies to drive ourselves out of the present situation.

“Nigerian leaders now need to take very difficult decisions” if they are to turn the tide and put the economy back on the track of positive growth”.

Nwada Ugochinyere Onyechere reporting, Obinwannem News

leave a reply

WP Radio
WP Radio