Peter Obi, the Labour Party’s 2023 presidential candidate, has criticized President Bola Tinubu’s administration for its handling of Nigeria’s economy, asserting that he would have managed it more effectively.
In a recent interview on Arise News Prime Time, Obi highlighted several economic challenges under Tinubu’s leadership, including the decision to float the naira without corresponding productivity measures, escalating the country’s debt profile, and increasing debt servicing costs. He emphasized that these costs now surpass budgetary allocations for critical sectors like health and education.
Obi remarked that significant improvements could be achieved within two years under competent leadership. He stated, “If I were there, you would have seen considerable change in critical areas. I would tackle corruption head-on, and I would reduce the cost of governance.”
He also criticized the high interest rates prevailing under Tinubu’s administration, arguing that they hinder the growth of businesses operating in Nigeria. Additionally, Obi accused the current government of suppressing opposition voices, suggesting that the political environment is structured to marginalize dissenting opinions.
Obi underscored the necessity for a competent leader to transform Nigeria’s economic landscape, asserting that the leader must possess the vision, energy, and capability to drive substantial progress.
