Peter Obi Critiques Tinubu Administration’s Economic Policies Amid Election Alliance Discussions
In a recent interview on Arise News Prime Time, Peter Obi, the Labour Party’s candidate for the 2023 presidential election and former governor of Anambra State, expressed strong criticism of President Bola Tinubu’s administration, particularly regarding its economic policies. Obi labeled the current government’s efforts as ineffective, asserting that the floating of the naira amidst low productivity has exacerbated the nation’s financial difficulties, while increasing debt levels and servicing costs that overshadow budget allocations for essential sectors like health and education.
Peter Obi remarked, “The current President has been in office for two years, and the state of affairs speaks volumes. Change is possible in a short time if the right measures are taken. I firmly believe that had I been in his position, we would have noted significant improvements in key areas within a two-year timeframe. I would have concentrated on fighting corruption and minimizing the cost of governance, ensuring that borrowed resources are channeled into critical infrastructure.”
He further underscored the adverse impact of rising interest rates, which he claimed hinder the growth of businesses across Nigeria. “This administration inherited a debt of approximately N17 trillion, which has now surged to over N170 trillion. Furthermore, the cost of servicing this debt has exceeded planned budgets for vital sectors such as health and education. More than 70% of our primary health centers are non-operational, and significant investment in these areas would have been my priority,” Obi pledged.
Confirming his continued membership in the Labour Party, Peter Obi mentioned that he is collaborating with former presidential candidate Atiku Abubakar and others to benefit Nigeria, emphasizing that elections hinge on the electorate’s choice. “I am not overly eager for the presidency; my focus is to see Nigeria flourish. Previous alliances have mistakenly prioritized power over effective governance. My campaign in 2023 aimed to bring about positive changes, especially in education and healthcare,” he stated.
Obi further explained his perspective on the naira’s devaluation, acknowledging the necessity of allowing it to float but insisting on enhancing productivity to support such reforms. “Without productivity, devaluation yields negative outcomes. Therefore, I would have ensured financial resources were invested into productive endeavors,” he elaborated.
He held the Tinubu administration accountable for the economic struggles faced by Nigerians, insisting that leadership entails being fully engaged and answerable to the public. “Leaders must possess the vision and enthusiasm to drive change; delegating responsibilities will not suffice,” he argued.
On the internal issues within the Labour Party, Obi accused the federal government of stoking disorder, stressing that he remains committed to the party’s ideals. “If the government truly embraced democracy, many of these challenges would not arise. We must aspire to a democratic framework that accommodates all voices.”
Moreover, Obi criticized the intimidation tactics employed against political opposition, suggesting that the current political landscape is unfriendly to dissenting views. He condemned the government’s response to the crisis in Rivers State, which resulted in the declaration of a state of emergency, indicating that it undermines the very essence of democracy.
“The chaos in Rivers State exemplifies how political interests can disrupt governance. The declaration of a state of emergency jeopardizes our fragile democratic fabric,” he noted.
Obi also advocated for systemic changes to ensure robust opposition within the political framework. Drawing comparisons with South Africa, he highlighted the need for a proportional representation system that would empower opposing parties, stressing, “A well-functioning democracy must provide room for healthy opposition. I envision a country where political parties operate in a manner that truly reflects democratic principles.”
As for the possibility of pursuing the presidency in the upcoming 2027 elections, Obi reiterated that his primary concern lies in forming alliances aimed at revitalizing Nigeria rather than a mere shift in power. “While discussions about future coalitions are ongoing, my insights remain focused on the nation’s future rather than personal political ambition. My goal is to see Nigeria reclaim its vitality,” he concluded.
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