The Labour Party (LP) candidate in the 2023 Presidential election, Peter Obi, has accused the federal government, under the All Progressives Congress (APC), of financial Indiscipline.
He expressed sadness with the federal government’s financial recklessness and misplacement of priorities in the allocation of funds.
“It is time for us to stop this financial indiscipline and embrace financial discipline by prioritising the allocation of resources to the critical areas of human and national development.”
Peter Obi was quoted by his spokesperson, Dr. Tanko Yunusa, to have deplored the continued deployment of public resources to nonessential areas of development.
He said that despite the poor and embarrassing position of Nigeria in the global average in school enrolment, the government is budgeting a paltry N1 billion for the construction of hostels in 12 tertiary institutions while N10 billion is going for building of car parks and recreational facilities.
“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 enrolment is above 80 percent, but Nigeria is 28 percent.
“The global average of tertiary school enrolment is above 55 percent, while Nigeria is less than 15 percent. 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.”
