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Edo State Governor Godwin Obaseki has declared Nigeria technically bankrupt and emphasized the urgent need for restructuring. Speaking on Channels Television, he criticized the Federal Government for being outdated and stated that without significant reforms, Nigeria cannot progress. His remarks have sparked discussions about necessary governance changes.

In a recent appearance on Channels Television's Politics Today, Edo State Governor Godwin Obaseki declared that Nigeria is technically bankrupt, emphasizing the urgent need for restructuring to facilitate national progress. Obaseki criticized the Federal Government for being “stuck in the past,” suggesting that without significant reforms, the country cannot advance.

The governor's remarks come amid growing concerns over Nigeria's economic stability and governance. He argued that a lack of innovative policies and a rigid approach to governance are hindering the country's development. According to Obaseki, the current state of affairs requires a bold rethinking of the political and economic structures in place, asserting that Nigeria must adapt to modern realities to thrive.

Obaseki's comments have sparked discussions about the necessity of a comprehensive review of the nation's governance system. He believes that restructuring is not merely an option but a necessity for Nigeria to regain its footing in the global landscape.