Among all the candidates contesting to be president next year (tinubu included),
Peter Obi remains best and most qualified.
Go and get your PVC already.
#NigeriaWillBeOK
Accountable Borrowing: The South Africa Example.
I have consistently maintained that borrowing, in itself, is not a bad thing. Every nation borrows. The critical issue is not the act of borrowing, but what the borrowed funds are used for and whether citizens can clearly see and measure the impact of such borrowing in their daily lives.
There is a lot to learn in the open and transparent manner in which South Africa handled its recently secured a $1 billion loan from the New Development Bank, with a clearly defined purpose. Publicly announcing the targeted purpose of the loan for all to know and monitor, upgrading water supply systems, modernising sanitation infrastructure, improving electricity distribution, and strengthening waste management services across eight major metropolitan cities, including Johannesburg, Cape Town, and Durban.
This is indeed what accountable borrowing should look like; the purpose is clear, the projects are identifiable, and the expected benefits to citizens are measurable. Such investments directly improve living conditions, enhance productivity, and stimulate economic growth.
In Nigeria, however, the opposite is the case: public debt has risen dramatically under the current administration, and its deployment is shrouded in secrecy from the people who will indeed pay back the loan. Today, our total public debt has increased from about ₦87 trillion in 2023 to nearly ₦200 trillion.
Yet, despite this unprecedented accumulation of debt, Nigerians are often left without a clear and detailed account of how these borrowings are being deployed to improve critical sectors such as education, healthcare, power, security, and infrastructure.
Borrowing must never become an end in itself. Every loan obtained in the name of the Nigerian people must be tied to specific, productive investments capable of generating economic value, creating jobs, reducing poverty, and improving the welfare of citizens.
Good governance demands transparency and accountability. The government must be able to clearly explain what was borrowed, where it was invested, and what measurable outcomes have been achieved. The ordinary Nigerian should be able to see and feel the benefits of every debt incurred on their behalf.
At a time when millions of Nigerians are struggling with rising costs of living, unemployment, insecurity, and declining purchasing power, fiscal discipline and prudent management of public resources are no longer optional; they are imperative.
Every borrowing decision should answer one simple question: How does this improve the life of the ordinary Nigerian? If that question cannot be convincingly answered, then we risk merely transferring today's burdens to future generations.
A New Nigeria is POssible. - PO
BRICS bank approves $1 billion lifeline for South Africa’s struggling cities | Business Insider Africa https://t.co/VN0C0Xo8zp
Peter Obi continues to inspire millions of Nigerians with his message of accountability, prudent management of public resources, and people-centered leadership. His commitment to transparency, education, and economic development has made him a symbol of hope for many who desire..
..a better Nigeria. Whether you agree with him politically or not, his emphasis on integrity, fiscal discipline, and national development has elevated the standard of political discourse in our country.
"...if you can find any instance where I stole one Kobo of State funds come to me and I will stop campaigning..."
~ Peter Gregory Obi 2022.
It's been 4 years now and ICPC, EFCC, DSS, NPF, NA, NAVY, CIVIL DEFENSE, AIR FORCE, NCC, APC, PDP, LP, ADC, ETC haven't been able to point to one instance. Just one!
@PeterObi thanks so much for making it a prideful and easy thing to support you.
INTEGRITY DEY OVERFLOW
Ask Jakande about his legacies he will show you!
Ask Marwa about his legacies in Lagos he will show!
Ask Fashola, Ambode and Sanwolu they will show you what they did!
Ask Tinubu his supporters will start cursing you!
What did Tinubu do in Lagos as governor?
They will tell you he tamed Pacific oceans