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Gowon Once Said, The Only Problem Nigeria Has Is Nigeria Doesn’t Know What To Do With Money—According to Farotimi

Gowon Once Said, The Only Problem Nigeria Has Is Nigeria Doesn't Know What To Do With Money—According to Farotimi

The legal scholar and pundit Dele Farotimi has uncovered an important detail on the financial management of Nigeria under General Yakubu Gowon’s military rule. CONTINUE FULL READING>>>>>

Farotimi claims that Gowon, who became Nigeria’s youngest president, once acknowledged that the country’s main problem was its inefficient use of money resources in an exclusive interview with Sahara TV.

Farotimi contends that during Gowon’s leadership, Nigeria faced numerous challenges, such as the lack of a national power grid, while simultaneously preparing for Festac 77, a prominent cultural event. CONTINUE FULL READING>>>>>

His statements imply that despite Nigeria’s financial capacity, there was uncertainty regarding the optimal allocation and use of funds.

Furthermore, Farotimi mentions that while Gowon was not in power during the Festac festival, his tenure saw the commencement of its planning phase.

He said, “The youngest man to ever be Nigeria’s president, Gowon, once said the only problem Nigeria has is Nigeria doesn’t know what to do with money. This was at a time when we didn’t have a national grid.

“Up until now, we still don’t have one, but even at that time, the purpose was unknown; we were busy hosting Festac 77. He was not there by the time, but remember, it had been initiated long before he left.”. CONTINUE FULL READING>>>>>

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