Governor Nyesom Wike of Rivers State has thrown his support behind Governor Godwin Obaseki after he alleged that the federal government printed N50-60 billion for states to share in March.
According to Wike, Obaseki is not trying to say something out of the figment of his imagination if he did not have proof. He maintained that Obaseki was once a staunch member of the APC so he knows his party very well.
“Obaseki was in APC, so he understands them. So, Obaseki couldn’t have come from the blues to say they printed N60 billion. He knows them.
“Instead of answering the question, he (Emefiele) said governors have to pay back the bailout loan. Bailout is a loan, if you want to take it, go and take it. But answer the question whether money was printed or not printed.”
You could recall Obaseki told the nation that the country was headed for a mess after the government printed whopping sums of money.
In his submission, he said;
“My brothers and sisters, we are in trouble. We are in a deep financial trouble. Nigeria has changed. The economy of Nigeria is not the same again whether we like it or not. Since the civil war, we have been managing, saying money is not our problem as long as we are pumping crude oil every day.
So we have run a very strange economy and strange presidential system where the local, state and federal government, at the end of the month, go and earn salary. We are the only country in the world that does that.
Everywhere else, government rely on the people to produce taxes and that is what they use to run the local government, state and the federation. But with the way we run Nigeria, the country can go to sleep.
At the end of the month, we just go to Abuja, collect money and we come back to spend. We are in trouble, huge financial trouble. The current price of crude oil is only a mirage.
The major oil companies who are the ones producing are no longer investing much in oil. Shell is pulling out of Nigeria and Chevron is now one of the world’s largest investors in alternative fuel, so in another year or so, where will we find this money that we go to share in Abuja?
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