Nuhu Ribadu, the National Security Adviser, expressed his concerns about the current administration inheriting a financially depleted nation, attributing budgetary limitations to this circumstance.
He highlighted that the revenue generated during the Bola Tinubu-led administration is now being utilized to reimburse the country’s previous debts.
These remarks were made during the Chief of Defence Intelligence Annual Conference 2023 held in Abuja on Monday. Despite the fiscal challenges impacting budget allocations, Ribadu affirmed the Federal Government’s commitment to ensuring a strong and sustainable defense infrastructure in the country.
He said, “I assure you that the Federal Government will not rest on its oars in ensuring a robust and viable defence management and security apparatus to address contemporary challenges even in the face of enormous budgetary constraints.
“Yes, we’re facing budgetary constraints. It is okay for me to tell you. Fine, it is important for you to know that we have inherited a very difficult situation, literally a bankrupt country, no money, to a point where we can say that all the money we’re getting now, we’re paying back what was taken. It is serious!
“But this administration is doing its best to meet our requirements, particularly the armed forces, and I believe that you leaders will be able to testify to that,” the former chairman of the Economic and Financial Crimes Commission told the gathering.”
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