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It’s time to end financial indiscipline – Peter Obi rebukes FG

Former presidential candidate of the Labor Party, LP, Peter Obi, has expressed concern over what he described as the government’s fiscal indiscipline.

Obi said it was inconceivable that the government budgeted N6 billion and N4 billion respectively for the National Assembly car parks and recreational facilities when the average enrollment in tertiary schools in the country is less than 15 percent.

In a post on his

Obi stressed that it is time to end financial indiscipline and embrace financial discipline by prioritizing the allocation of resources to the critical areas of human and national development.

He said: “As the giant of Africa that 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 enrollment is above 80 percent, while in Nigeria it is 28 percent.

“The global average of tertiary education enrollment 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’s recreational facilities is N4 billion.

“Only N1 billion has been approved for the construction of hostels in 12 tertiary institutions. It is time for us to stop this financial indiscipline and embrace financial discipline by prioritizing the allocation of resources to the critical areas of human and national development.”