‘We’re Heading To Disaster,’ Peter Obi Criticises Tinubu-Led Govt
About The Author
Former presidential candidate of the Labour Party, Peter Obi, has criticised the administration of President Bola Tinubu over Nigeria’s rising debt profile, warning that the country is “heading to disaster”.
According to him, the removal of the petrol subsidy by the previous administration was intended to reduce borrowing and redirect funds towards national development.
However, he argued that the current government has increased borrowing despite maintaining the subsidy removal policy.
“When this government came into being, they removed subsidy on petroleum. The reason was to stop borrowing to service it and use the resources to develop the country. But today, despite that removal, the government has continued borrowing.
Obi stated that the figures were intended to highlight what he described as the country’s economic drift, urging Nigerians to take collective responsibility.
“The reason I used these figures is to show that we are drifting. We all have to work hard and do whatever is possible. Anarchy consumes everybody. We must make sacrifices for the sake of our children. If we do not act, what is happening now will have consequences for us and future generations,” he stated.
“We need to work as a united Nigeria. The country is so divided, and unity is important. The present government has ensured that we remain more divided. If we allow this to continue, it will get worse,” Obi said.
Speaking on security, the former Anambra State governor said that Nigeria’s global terrorism ranking has worsened under the current administration.
“If you check the index today, when this government came into being, Nigeria’s ranking in terrorism was around 80. Today, we are number four. If this continues for another four years, we could become number one.
“When this government came into being, our poverty rate was about 41.6 per cent, representing roughly 88 million people. Today, it is about 63 per cent, or 140 million people. That means the number has nearly doubled,” he said.
