Peter Obi Critiques Tinubu’s Economic Policies, Acknowledges Fulfillment of Campaign Promises

Peter Obi, the Presidential Candidate of the Labour Party in the 2023 election, has expressed concern over the worsening economic crisis in Nigeria. Speaking on Arise TV on Wednesday night, Obi noted that while President Bola Tinubu has fulfilled his campaign promises, the impact on the economy has been negative.

Obi recalled that Tinubu promised to continue the policies of his predecessor, Muhammadu Buhari, and stated that the President has kept his word. However, he lamented the resulting economic consequences, listing various indicators of the crisis.

“I will give him an excellent pass mark. Dollar was N460, it is now N1500. Fuel was N238, it is now about N700. Diesel was N844, it is now N1415. A bag of rice was 40 to 35 thousand, it is now about 80,000. A bag of beans was similar, it is now about 90,000. Garri was 27-28, it is now 49 to 50,000. A tuber of yam was about 2700 to 3000, now it is about 10,000,” Obi detailed.

He continued to highlight other economic pressures: “Tomato basket was about 40,000, now it is about 150,000. Electricity was N66 per kilowatt, now it is about N200. You can go on and on. Our debts! Even bread which is the basic thing other countries are subsidizing like Egypt. Small bread was N450 is now N900. The big one that was N900 is now N1500.”

Obi concluded by expressing his dismay at the overall situation: “Everything has headed south, adherence to the rule of law has worsened, and nepotism is at its highest.”


Leave a Reply

Your email address will not be published. Required fields are marked *