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Nigeria Owes Foreign Airlines $1bn and it can’t pay that money even when Buhari was in power- Iba Gani Adams

Iba Gani Adams, a Yoruba landowner named Aare Ona Kakanfo, has maintained that Nigeria would never function under the existing presidential system because he believes it encourages corruption.

Iba Adams, the national coordinator and leader of the Oodua People’s Congress (OPC), stated in an interview with VINCENT KALU that the organization might contribute to reducing instability in the South-West region in six months provided the appropriate authorization is granted by the authorities. He also discussed other topics, such as the Oronsaye report’s execution and the hardships facing the nation.

Anything that may be done to reduce the expense of governance must be done. It is beneficial to decrease or collapse parastals. Certain parastatals don’t really need to exist. In a nation of about 400 parastatals, each head would have three official cars that are maintained by the government, along with roughly seven government-paid assistants. For the second in charge, the same holds true. The money is missing. Where is it? We use a sizable portion of our income to pay off debt. As our national debt approaches N80 trillion, what are the chances of our survival?

He Said: “There is no serious nation that is doing a serious business with us. Even our foreign reserve has depreciated. During the time of Obasanjo it was $33 billion and I don’t think it is up to $8 billion today.

Nigeria owes foreign airlines about $1 billion and it cannot pay that money even when Buhari was in power. It is just recently that it paid about $300 million out of the money. This has made the cost of flight ticket so high in Nigeria. Most of the people who travel abroad for medical treatment can’t travel. To change $5,000 to naira is mindboggling.

Cost of drugs has hit the rooftop. The drug we were buying for N2, 000 by May last year is about N18, 000 now. A nurse would not take less than N10, 000 to treat simple malaria, and a gateman is earning N18, 000 as monthly salary.

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