Peter Obi has called for the ₦853 billion recovered by the Economic and Financial Crimes Commission (EFCC) to be invested directly into projects that would improve the lives of ordinary Nigerians.
374 VIOLATORS TO PAY N5m PENALTY, GET FRESH C-OF-O UPON PAYMENT OF NECESSARY FEES SEE LIST HERE
The Labour Party presidential candidate made the appeal in a statement on Friday, noting that while the recovery was commendable, it represented only a fraction of the funds looted from public coffers. He stressed that what mattered most was how the money would be used and whether citizens could verify its impact.
374 VIOLATORS TO PAY N5m PENALTY, GET FRESH C-OF-O UPON PAYMENT OF NECESSARY FEES SEE LIST HERE
Obi proposed that the bulk of the funds be channelled into education, healthcare, and poverty alleviation. He pointed out that Nigeria currently faces over 20 million out-of-school children, the highest number in the world, alongside more than 100 million people living in poverty.
RELATED STORIES
Related Posts
374 VIOLATORS TO PAY N5m PENALTY, GET FRESH C-OF-O UPON PAYMENT OF NECESSARY FEES SEE LIST HERE
He suggested tripling the federal government’s current Universal Basic Education budget by allocating an additional ₦503 billion from the recovered loot. According to him, the remaining ₦350 billion could be distributed across 19 northern states as microcredit for the poor, a move he said would help lift families out of poverty.
The former Anambra governor added that Nigerians must be able to track how the funds are invested and see real improvements in schools, hospitals, and job creation. He warned that the recovery should not become another announcement without impact but instead mark the beginning of a culture of accountability.
Obi said every kobo recovered must be transformed into opportunities that improve living conditions, reduce inequality, and strengthen national development.
Comments are closed.