In what some critics will describe as excuses, Yemi Osinbajo has stated on Wednesday, May 19, 2015, that Buhari's government would be coming in at a time where Nigeria is at its worst.
Muhammadu Buhari's number two man, Yemi Osinbajo, might have begun to feel the heat as May 29th is just around the corner.
In a new statement, the VP-elect has said that his incoming government will be inheriting the worst economy in Nigeria’s history.
Osinbajo made the comment on Wednesday, May 19, 2015, during the opening of a two-day Policy Dialogue on the Implementation of the Agenda for Change in Abuja.
“We are concerned that our economy is currently in perhaps its worst moment in history. Local and international debts stand at US$ 60bn,” the Vice President-elect said.
“Our debt servicing bill for 2015 is N953.6bn, 21 per cent of our budget. On account of severely dwindled resources, over two-thirds of the states in Nigeria owe salaries. Federal institutions are not in much better shape. Today, the nation borrows to fund recurrent expenditure,” he added.
The Vice-President elect also explained that the manifesto of the All Progressives Congress offers “a vision of shared prosperity and socio-economic inclusion for all Nigerians that leaves no one behind in the pursuit of a prosperous and fulfilling life.”
Buhari and Osinbajo will be sworn in on Friday, May 29, 2015.