Obi stated this in a tweet posted on his Twitter handle, noting that the debts of Nigeria could build 160 Kainji Dams.
The presidential candidate of the Labour Party, Mr Peter Obi, has lamented the debt profile of Nigeria without commensurate development.
Obi stated this in a tweet posted on his Twitter handle, noting that the debts of Nigeria could build 160 Kainji Dams.
As of September 2022, Nigeria’s current debt profile stood at N44. 06 trillion.
Obi wrote in tweet, "Sir Tafawa Balewa borrowed $82m to build Kainji dam; 62 years later we still benefit from Kainji dam.
"Today, we owe a debt that that could build 160 Kainji dams. But where are the dams? We have not invested in regenerative projects.
Sir Tafawa Balewa borrowed $82m to build Kainji dam; 62 years later we still benefit from Kainji dam. Today, we owe a debt that that could build 160 Kainji dams. But where are the dams? We have not invested in regenerative projects. -PO#POatEcumenicalCentre
— Peter Obi (@PeterObi) February 3, 2023
"We can pull our people out of poverty. We must move Nigeria from consumption to production to do so.
"It's most regrettable that many Nigerians are today living under multidimensional poverty.
"For the past years, all we have produced is misery, this is the cumulative effect of bad leadership. Everyone must now care about politics," Obi stated.