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“It’s not that the people there are not smart; it’s not that they’re stupid.
“Unless you create a new design that allows the individual states to take advantage of the economic opportunities they have, stressing the assets of this country and paying what they need to pay to the central government, the federal government cannot sit and try to micromanage the country and its assets.
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.
In an interview on Channels Television’s Politics Today on Thursday evening, Obaseki elaborated on his concerns regarding the nation’s financial health.
“I think for me, it’s like this federal government is stuck, and stuck in the past.
It’s more that they just don’t have the courage to make the decisions they need to make.
Obaseki argued that the current approach hampers states’ ability to thrive economically and innovate..
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