Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nigeria is not bankrupt - Jonathan

30 September 2013, 06:36

Abuja - President Goodluck Jonathan in Abuja on Sunday debunked insinuations in certain quarters that Nigeria insolvent, saying Nigeria is neither broke nor bankrupt.

The President, who stated this during his Presidential Media Chat, said “the claim that Nigeria is broke is politically motivated.”

He explained that the misunderstanding between the Federal and States’ Ministries of Finance during FAAC meeting was not because federal government could not afford allocations due to States.

He said the misunderstanding was misconceived by the opposition to label the country as being bankrupt.

According to him, the nation's economy is witnessing tremendous growth with the right policies put in place by his administration.

He said: “Nigeria is now an investors' haven in sub-saharan Africa and the GPD is growing at appreciable rate.”

The President said that oil theft which hitherto was at alarming rate was being brought under control adding that government was building a robust security architecture to check the crime.

He said that some arrests had been made and prosecution of the offenders were on course.

Jonathan likened oil theft to Boko Haram insurgence and said “it is a cancer that must be crushed.”

He called on the international community to label oil theft an international crime and assist in arresting the perpetrators when such crude got to their soil.

The President also noted that government was winning the war against corruption and said the menace was not the country's Number One problem.

On the recent killing of seven suspected Boko Haram members at Apo, a suburb of Abuja, Jonathan said that his administration would continue to safeguard all citizens from terrorist attacks.

According to him, the preliminary security report on the incident shows that there was element of Boko Haram at the uncompleted building.

“It is my duty as a President to stop the killing of innocent people by militant groups across the country.”

The President also dismissed the assertion that the Federal Executive Council had been turned into a contract awarding council, saying the council was not violating the nation’s constitution by approving the award contracts.

-    NAN


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...