Former Governor of Imo State, Senator Rochas Okorocha has identified debt crisis as one of the problems bedeviling the development of the country.
Senator Okorocha noted the country incurred over eighty (80) trillion naira both locally and externally.
He made this disclosure during his interview on a Nigerian Television station on Sunday 13th March.
The Serving Senator explained that the country makes about six trillion Naira every year from oil, tax, customs and what have you.
Okorocha further explained that fifteen (15) trillion naira every year has to be made for payment of salaries, road maintenance and run your electricity.
He stated that the problem is getting nine (9) trillion naira every year to balance up the six trillion Naira to meet up having in mind that debt is nothing even paid yet.
“But the main problem we are having in this country is that we are in debt. We have a debt of over 80 trillion Naira both local and external.
“Now, we make only about six trillion Naira every year from oil, tax, customs and what a view.
“Remember you are owing and you need fifteen trillion Naira every year for payment of salaries, road maintenance and run your electricity.
“So, the problem is how do you get nine trillion every year to balance up the six trillion Naira to meet up? Mind you! You are not even paying the debt yet.” He said.
While speaking on the best leadership qualities for the country, Senator Rochas said the country needs someone who is not tribalized as people cannot work together when they don’t agree.
The Former Governor said such person is needed in the current situation that institutions are not working and judiciary has not been strengthened.
“We need someone who is in the eyes of every Nigerian and he is not tribalized because people cannot work together when they don’t agree.
“Considering the fact that institutions are not working and that the judiciary has not been strengthened to make sure laws are obeyed with what is happening nowadays.” He said.
