Obi knocks FG for allocating only N1bn for hostels in 12 tertiary institutions, N10bn for car parks and recreational facilities

“Approved for the Construction of Hostels in 12 tertiary Institutions is just N1 billion,” said the LP leader, Peter Obi.

By Jeffrey Agbo

Former presidential candidate, Peter Obi, has again cried out over what he described as financial recklessness and misplacement of priorities in the allocation of funds by the Federal Government.

The Labour Party leader described as unacceptable the continued deployment of public resources to non-essential areas of development.

Obi said that despite the poor position of Nigeria in the global average in school enrolment, the government is budgeting a paltry N1 billion for the construction of hostels in 12 tertiary institutions in Nigeria while N10 billion is going for the building of car parks and recreational facilities.

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

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“Imagine the situation in our Education sector where the global average of Secondary School enrollment is above 80%, while Nigeria is 28%.

“The global Average of Tertiary School enrollment is above 55%, while Nigeria is less than 15%. 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 prioritizing the allocation of resources to the critical areas of human and national development.”