Attacks on BDCs wrongly directed, will escalate FX crisis — Peter Obi

Peter Obi calls for review of entire 2024 budget

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Presidential candidate of the Labour Party (LP) in the 2023 election, Mr Peter Obi, is of the opinion that the 2024 budget should be reviewed amidst the padding scandal rocking the 10th Senate.

Obi, in a communique shared via his X handle on Monday, urged the executive and legislative arms to initiate an immediate review of the budget as it is still in early days of implementation.

According to him, this would enable them to do urgent virement of resources to critical areas.

“The nation’s resources should adequately be appropriated to critical areas like security, fighting poverty and solving the challenges of hunger and food insecurity, power supply, especially considering the difficult times that we are in.

“In the past 1 year, about 7000 Nigerians have been kidnapped, with about 700 kidnapped in the last 3 weeks, notwithstanding the violent crimes and killings that occur in every part of the nation, which must have included us in one of the world’s riskiest countries to live in.

“A report by the globally respected publication, Financial Times, on March 12, 2024, described Nigeria’s kidnapping racket as a sign of a failed state. With all of these happening in our nation, how then can we attract foreign investors, & retain the confidence of local investors?

“We have become one of the hungriest nations in the world and one of the most difficult nations in the world to live in, with food prices constantly going out of the reach of most Nigerians. Power supply is abysmally poor and Nigerians are now mostly in total darkness, as over 60% are without power supply.

“Even those in perceived privileged areas now go for days without power supply. A 2022 Energy Progress Report designated Nigeria as the country with the largest number of people lacking access to electricity with 92 million of its over 200 million population living without electricity.

“About 80 percent of our primary healthcare centres are not functional. The cost of medical treatments and medicines has gone beyond the reach of most Nigerians.

“I, therefore, urge our executive and legislative arms to consider the many challenges facing our nation and re-allocate resources to these very critical areas. This is the time for complete sacrifice. A New Nigeria is still very POssible.”


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