According to Dailypost, Peter Obi, former Labour Party presidential candidate, has taken a jab at President Bola Tinubu’s administration, sarcastically suggesting that Tinubu has stayed true to his campaign promise of continuing the policies of his predecessor, Muhammadu Buhari.
During a visit to Bauchi State Governor Bala Mohammed, Obi criticized the current state of the economy, pointing to the sharp depreciation of the naira and the soaring cost of essential goods. He argued that Nigeria’s leadership must shift its focus away from ethnic and religious considerations and instead prioritize competence and effective governance.
Obi highlighted key economic indicators to back his claims. He noted that under Buhari, the exchange rate stood at approximately ₦400 per dollar, but under Tinubu, it had skyrocketed to around ₦1,500. He also pointed out the steep rise in the prices of basic commodities like rice and fuel, suggesting that these trends were proof that Tinubu had indeed followed through on his pledge to maintain Buhari’s economic trajectory.
“Tinubu promised to continue where Buhari stopped. If you look at it, Buhari left the dollar at about N400; today, it is about N1,500. Rice was about N40,000; it is now over N100,000. Fuel was about N300; it is now over N1,000. I can go on and on—everything has doubled and tripled.
“So, he has done exactly as he promised,” Obi remarked.
Drawing a comparison with Indonesia, Obi lamented Nigeria’s economic decline. He pointed out that while Indonesia had successfully grown its economy over the past decade, Nigeria’s GDP had plummeted from $500 billion to $200 billion, with per capital income dropping significantly.
He stressed the urgent need for policies that would revive local industries, improve education and healthcare, and ensure that governance is focused on productivity rather than political patronage.
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