Peter Obi to Tinubu: It’s reckless budgeting N12bn for car park, N1bn for hostels in 12 universities

The Labour Party’s (LP) Presidential Candidate in last year’s election, Mr. Peter Obi, has again cried out over observed financial recklessness and misplacement of priorities in the allocation of funds by the Nigerian government.

Obi described as unacceptable the continued deployment of public resources to non-essential areas of development.

The LP standard bearer highlighted the poor and embarrassing position of Nigeria in the global average in school enrollment, yet the government was budgeting a paltry N1billion for the construction of hostels in 12 tertiary institutions in Nigeria while N10billion is going for the building of car parks and recreational facilities.

Writing on his X platform, the former governor of Anambra State said: “As the giant of Africa which we are, I remain concerned about our fiscal indiscipline as a nation.

“Imagine the situation in our education sector where the global average of secondary school enrollment is above 80 per cent, while Nigeria is 28 per cent.

“The global average of tertiary school enrollment is above 55 per cent, while Nigeria is less than 15 per cent.

“Yet our budget for the national assembly car parks is N6 billion. The budget for the National Assembly Recreational Facilities is N4 billion.

“Approved for the construction of hostels in 12 tertiary institutions is just N1 billion.

“It is time for us to stop this financial indiscipline and embrace financial discipline by prioritising the allocation of resources to the critical areas of human and national development”, Obi advised.