Former Labour Party presidential candidate, Peter Obi, has taken a swipe at President Bola Tinubu, sarcastically commending him for fulfilling his pledge to continue from where ex-President Muhammadu Buhari left off.
Obi expressed concern over the current state of the economy, urging Nigerians to prioritize competence and capacity over ethnic and religious politics.
Speaking during a visit to Bauchi State Governor Bala Mohammed, Obi highlighted the worsening economic situation under Tinubu’s administration.
“Tinubu promised to continue from where Buhari stopped. If you examine the situation, Buhari left the exchange rate at around N400 per dollar; today, it is about N1,500. Rice was about N40,000 per bag; now, it’s over N100,000. Fuel was about N300 per liter; now, it’s over N1,000. Almost everything has doubled or tripled in price,” Obi stated.
He compared Nigeria’s economic performance with that of Indonesia, emphasizing how the Asian nation successfully grew its economy over the past decade while Nigeria’s economic indicators declined.
According to him, Nigeria’s GDP has fallen from $500 billion to $200 billion, while per capita income has dropped from $3,500 to below $2,000.
Obi stressed the importance of reviving Nigeria’s industries, investing in education and healthcare, and implementing productive governance to steer the country towards growth and stability.
He urged leaders to shift focus from politics to policies that will rebuild the economy and improve the lives of Nigerians.
