Peter Obi, a former governor of Anambra State and Labour Party’s 2023 presidential candidate, has criticised President Bola Tinubu’s administration for the nation’s deteriorating economic climate.
Speaking during a meeting with Bauchi State Governor, Bala Mohammed, on Thursday, Mr Obi condemned the government for exacerbating existing economic hardships.
Mr Obi asserted that President Tinubu’s administration had worsened the conditions it inherited.
“Tinubu promised to continue where Buhari stopped. If you look at it, Buhari left the dollar at about ₦400, today it is about ₦1,500. Rice was about ₦40,000, it is now over ₦100,000. Fuel was about ₦300, it is now over ₦1,000. I can go on and on—everything has doubled and tripled. So, he has done exactly as he promised,” he stated.
Drawing comparisons between Nigeria and Indonesia, Mr Obi highlighted the disparity in economic performance.
“In Indonesia, a president was sworn in about the same time as another one in Nigeria. Ten years later, Indonesia moved their GDP from $800 billion to $1.3 trillion, and their per capita income from $3,000 to $5,000. Here in Nigeria, our GDP fell from $500 billion to $200 billion, and per capita income dropped from $3,500 to below $2,000—that is the difference,” he said.
Governor Mohammed, in response, expressed his willingness to collaborate with Mr Obi to deliver effective governance to the Nigerian people.
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