From Osaigbovomwan Iguobaro
The National Vice Chairman of the Peoples Democratic Party, (PDP), South-South zone, Chief Dan Orbih, has said if drastic measures are not taken, Nigeria’s economy may be worse than Uganda under the iron grip of the late Idi-Amin decades ago.
Orbih, raised the red flag in relation to the comments by Edo State governor, Mr. Godwin Obaseki on alleged printing of N60 billion to augment the monthly allocation to states in March by the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele.
Addressing the Speaker of Oyo State House of Assembly, Mr. Ogundoyin Adebo who led some youth on courtesy call on him at his residence in Benin City, Orbih, described the recent outbursts and criticisms against Governor Obaseki as politically motivated.
The National Vice Chairman, lamented that the defense by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on the allegation, exposed the opacity of the Federal Government under President Muhammadu Buhari’s watch.
According to him, “so much without convincing Nigerians about the economics that make the decision to print over N60 billion to meet the statutory allocation. To me, that was a public admission that all is not well with our economy”.
Orbih said: “the revelations by the Edo State Governor was a clear attestation that all is not well with the nation’s economy and that if drastic measures are not taken to address the current situation, it might be worse than what happened in Uganda.
“I think it is time for us as a country to make it very clear that whoever assumes the office of CBN governor should have his loyalty to the people of our country and not the government.
“That is why we must take it seriously this revelations by Godwin Obaseki.
“It is my prayer and hope that very soon the CBN must come out clearly to tell Nigerians that they have what it takes to bailout us out from this predicament”, he added.
He revealed that Emefiele’s submission that we are in a very serious financial mess was a loud message even to foreign investors that Nigeria is a-no-go-area as far as investment is concerned.
“You can not send that type of message and at the same time you want to bully those who are genuinely concerned about what is happening in our Country today by threatening to ask states that borrowed money to pay up immediately”, he said.