2023 Presidential candidate of the Labour Party (LP), Peter Obi, has expressed frets over the “fiscal indiscipline in Nigeria”.
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| Peter Obi. Photo: @PeterObi |
He said, “Nigeria is the giant of Africa”, however, he complained about the situation of the Education sector in the country, saying, “global average of Secondary School enrollment is above 80%, while in Nigeria it is 28%”.
The former Governor of Anambra State made his disgust known when he criticized the approval of “N6 billion budget for National Assembly Car Parks”, while “just N1 billion approved for the Construction of Hostels in 12 tertiary Institutions”.
Obi said: “Giant of Africa
As the giant of Africa which we are, I remain concerned about our fiscal indiscipline as a nation. Imagine the situation in our Education sector where the global average of Secondary School enrollment is above 80%, while in Nigeria it is 28%.
“The global Average of Tertiary School enrollment is above 55%, while Nigeria is less than 15%. Yet our budget for the National Assembly Car Parks is N6 billion. The budget for the National Assembly Recreational Facilities is N4 billion.
“Approved for the Construction of Hostels in 12 tertiary Institutions is just N1 billion. It is time for us to stop this financial indiscipline and embrace financial discipline by prioritizing the allocation of resources to the critical areas of human and national development.”
