![Nigeria Is Technically Bankrupt, Governor Obaseki Declares “Nigeria is technically bankrupt. And I mean it. When you are...](https://img3.medioq.com/673/107/987455446731072.jpg)
20/09/2024
Nigeria Is Technically Bankrupt, Governor Obaseki Declares
“Nigeria is technically bankrupt. And I mean it. When you are bankrupt anywhere in the world, like in the United States, you file for what they call Chapter Eleven. You restructure your affairs so that you can reorganise and meet your obligations. Nigeria is not restructuring in that sense; it still behaves as if it had money like it used to.
“It (Nigeria) has been in trouble for a while. I won’t say insolvent, but technically so, in the sense that we don’t have enough to cover our expenditure, we are not reducing our expenditure, and we are not earning more.” -Governor Godwin Obaseki, Edo(Credit: Punch Newspapers)
Jukun Wanu TV