Peter Obi Disagrees with Tinubu’s Claim of Economic Stability

Former Labour Party presidential candidate Peter Obi has questioned President Bola Tinubu’s recent declaration that Nigeria’s economy has stabilised.

Tinubu made the statement while hosting the Soun of Ogbomosoland, Oba Ghandi Afolabi Oladunni Olaoye, and other royal fathers in Abuja.

“Years of neglect and self-deception, fake records, smuggling, and all of that denied Nigeria the necessary revenue for progress and development,” Tinubu said.

He added that past corruption and currency arbitrage had weakened the economy. “The bleeding has stopped. Haemorrhage is gone; the patient is alive,” Tinubu declared.

Obi’s Response

Reacting, Obi said stability must be visible in the daily lives of Nigerians, not just in government figures.

“Congratulations Mr. President. But Mr. President, if indeed the economy stabilises as you declared, then Nigerians must feel it in their daily lives. Borrowings must stop now. Huge Contractors’ bills, which are still owed should be paid, and critical underfunded projects must now be funded,” Obi stated.

He insisted that true stability lies in schools, hospitals, and poverty reduction. “True economic stability is not in figures announced at press conferences, but in classrooms where children learn, in well-equipped labs and access to learning tools, in hospitals, where citizens can receive quality care, equipped with adequate facilities.”

Obi urged government to channel excess revenues into critical development areas for the next four months.

“Every value of our excess revenue should be deliberately channelled into the critical areas of development: health, education, and pulling people out of poverty. This must be done transparently, with verifiable and measurable outcomes. Anything less will mean that revenue growth has not translated into national growth. Nigerians deserve to see the impacts of this touted revenue growth,” he said.

His statement comes as many Nigerians continue to grapple with high food prices, rising unemployment, and fragile infrastructure, despite official claims of improvement.

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