N5 billion was budgeted for student loans while a larger sum of N6 billion was budgeted to build a car park for the legislators – Peter Obi

In his post, the former governor of Anambra state said the inadequate attention being paid to human capital development is at the root of most investment challenges. He said it is shocking that Nigeria’s budget was signed and released to the world without prioritizing the critical areas of investment for the people.

He expressed shock that the 2024 budget had a sum of N5 billion budgeted for student loans while a larger sum of N6 billion was budgeted to build a car park for the legislators. He argued that unless Nigeria cuts the cost of governance and strictly prioritizes expenditure on areas of growth and development, the country will not achieve any tangible and lasting development.