[News] Goodluck Jonathan Left N7trillion Deficit, Says Joda | #7trillionDeficit


Ahmed Joda, the grand old veteran bureaucrat who chaired the transition committee set up by
President Muhammadu Buhari has spoken about the various challenges his committee faced in
completing its assignment, principal of which
was that the Jonathan administration withheld
vital information about the state of Nigeria. Joda cited the former administration’s initial
figure that the budget deficit was N1.3 trillion
only to discover that a deficit of N7trillion has
been piled up. He also spoke about the regime’s
report that Nigeria has the capacity to generate
12,000 megawatts of electricity, without disclosing that there was no gas to power the
plants and that at the time of the handing over,
the government was generating just 1,300
megawatts. In the interview published today, he also spoke
a but rampart corruption in all government
departments in the country, where values have
collapsed and everyone is doing what he likes. “Nobody follows the rules anymore. You employ
people anyhow and pay them anyhow and I
think you in the media have a fair idea of what is
going on and are surprised how bad things are. I
often wondered, since the beginning of this
exercise, if the PDP and president Jonathan had won the election what would have been the fate
of Nigeria,” he said this in an interview with
Daily Trust. “It would have been more difficult for them to
face the challenge because they had been telling
people that everything was good; the roads are
good. They were not talking about the absence
of light in the house, but they were talking about
the capacity to produce electricity is 12,000 megawatts out of which only 5,000 could be
released. “But even out of this 5,000 at the time they were
doing the handing over notes only 1,300
megawatts were being generated, but they
were talking about 35,000 kilometres of
distribution lines and so on, but nobody told us
the real problem – that there is no gas, or there is no capacity to transmit the electricity that could
be generated; that even when it is delivered at
the point of distribution the distribution system
is so weak that it can’t take it. “I personally didn’t know that until I got into this
exercise. Now, if they came back, they couldn’t
wake up in the morning and say we can’t pay
salaries, we couldn’t do this or even pay
contractors and might even not be able to pay
pensions and gratuities or finance any of our operations. We were told at the beginning of the
exercise that the government was in deficit of at
least N1.3 trillion and by the end people were
talking about N7 trillion; everything is in a state
of collapse. “The civil service is bloated and the military and
police, if you are a Nigerian, you know what
they have been facing for a long time;
every where is in a mess and these things have
to be fixed.” Culled from pmnewsnigeria.com

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