The Presidential Candidate of the Labour Party, Mr. Peter Obi, has said that he alongside his running mate, Dr. Yusuf Datti Baba-Ahmed are focused on fixing Nigeria’s worsening economic situation come 2023.
Obi said this while speaking in a recent TV programs earlier today.
He explained that with 130 million out of Nigeria’s estimated population of roughly 200 million living below poverty, Africa’s most populous nation was courting disaster because these number of poor people could pose a security threat to the state.
Obi said, “When you have over 130 million people in poverty you are bound to have a crisis because when people don’t know when the next meal is coming from, they become a security risk.
“To deal with this, we need to deal with the issue of food. We need to look at how do we feed the country considering that the greatest physical asset we have in this country is the uncultivated land in the North.”
Speaking about the budget deficit and his administration’s plans to do things differently, Obi said, “The 2021 budget is about N21 trillion with a deficit of about N11trillion all these are estimates. Approximately N6 trillion is for subsidy . By the time you remove subsidy, you’ve reduced this by half. I believe subsidy must go.”