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How I Would Solve Nigeria’s Economic, Security Challenges – Peter Obi Tells CNN
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By Eric Elezuo
The candidate of the Labour Party, Mr. Peter Obi, was on Friday hosted by CNN’s Zain Asher, during a programme, Zain Exchange, where he spoke on his desire to tackle headlong the economic and security challenges of Nigeria if elected the president in 2023.
Zane Asher: Mr. Obi thank you so much for being with us. You’re certainly the most popular presidential candidate among young people in Nigeria, there’s so much momentum behind you. But here’s the problem. Nigerians are used to being disappointed by their leaders, and what do you think about some of the problems that are facing the country right now, they are systemic. I’m talking about the corruption, I’m talking about oil theft, I’m talking about insecurity, I’m talking about the fiscal hole that Nigeria is in right now. Can all of that really be solved by one person?
Peter Obi: Well, if you have a leader that is competent, has the capacity and commitment to start dealing with these challenges, you’re not going to solve it overnight, but there will be a clear, visible, measurable attempt to deal with these. And there is nothing that is not solve-able. Some issues just have to be dealt with decisively. But you need to have a capable leader such that when you look at his past records in office, you can say YES – He is capable.
Zane Asher: If you do, indeed, become Nigeria’s next president, Nigeria you know, is broke. It’s barely able to service its debts. It spends so much more that it earns. What are your plans? From a concrete perspective, what are your plans to take Nigeria’s economy off of life support?
Peter Obi: Well, a variety of things. One, is that we have to deal decisively with the issue of insecurity. It’s impacting negatively on our economy. We have to deal with it head on. We have to get our finances right — and start ensuring that the vast lands of the north are invested in and cultivated. We have to start pulling people out of poverty as quickly as possible. We have to immediately reduce aggressively, the cost of governance, and the issue of corruption.
Zane Asher: Anyone who knows anything about Nigeria knows that it has this embarrassing reputation of importing refined fuel, despite the fact that it’s Africa’s largest oil producer. What is your plan for transforming Nigeria’s economy from a consumption economy to a production economy?
Peter Obi: Let me tell you it’s not the issue of refineries not working — there’s no reason why we should not encourage the private sector to operate refineries. It can be done as quickly as possible. We can today, decide to remove the oil subsidies, and use the resources to invest in and support the principal areas of production; from critical infrastructure to education, to supporting investment in refinery, which will be, done in the shortest amount of time.
Zane Asher: A lot of Nigerian presidents have come in and talked about revitalizing the manufacturing sector, investing in refineries, but change, as you know, has been very, very slow. Why is it going to be different with you and what would you say were the biggest hurdles in making sure that all of the things that you just listed come to pass?
Peter Obi: Well, what people need to do is to look at what I promised as the state governor. When I said was going to turn around education, health, pull people out of poverty, bring sanity and civility in governance — did that happen or not?
When I said we were going to save money, did we do that? Yes, we did.
Zane Asher: I want to talk about one of the major issues that Nigeria is dealing with, grappling with right now. That’s violence and insecurity. You can barely travel from one part of Nigeria to another without fearing for your life. I’m talking about kidnapping. I’m talking about banditry. I’m talking about terrorism, I’m talking about Boko Haram. What is your plan for that?
Peter Obi: Initially, what we first have to deal with is the issue of security. Unless you have security, the farmers can’t — you can’t have investment. Nobody will ever want to put or invest money in an insecure country. So we will deal this issue of insecurity decisively. We will start by reorganizing our security architecture. We will then bring in more hands into the security system, and motivate them properly, so that we can defeat the issue of insecurity . It’s the most important thing that Nigeria needs today.
Zane Asher: You and I are both Nigerians, were are both from southeastern Nigeria. It’s a very hard country to hold together. You have too manage about 200 million people, with so many different tribes, so many different ideas. When you think about the fact that you are from the southeast, how easy is it going to be to rally Nigerians from the north behind you? That’s got to be on your mind?
Peter Obi: That was the situation obtainable in the past. We used to elect leaders based on ethnicity, religion, strong connection etc, and that has brought us to the bad situation we are in today. “Our structure”, the structure of criminality, is what we want to dismantle now. We want to ensure that the next election is based on character, capacity, competence, commitment to do the right thing. Nigeria not just in a fiscal mess, it is at the last stage to collapse. The people in the north don’t have a secure place, they don’t have good roads. They don’t buy bread cheaper than those in the South. They people in the south are facing the same issues. All what you hear about ethnicity, religion, connection, is an elite conspiracy to keep Nigeria undeveloped. But now we’ve reached the edge.
Zane Asher: Thank you for coming on our program.
Peter Obi: Thank you for inviting me.
Headlines
Account for Subsidy Savings, Atiku Tells Tinubu Amid ASUU Strike Threat
Former Vice President Atiku Abubakar has called on the Tinubu administration to provide clarity on how savings from the removal of fuel subsidy have been applied, following renewed concerns raised by the Academic Staff Union of Universities (ASUU) over unpaid entitlements and unresolved agreements.
Speaking on Sunday through his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said the subsidy removal imposed significant costs on households through higher fuel prices, transport fares, food prices and school fees.
The presidential candidate of the African Democratic Congress (ADC) noted that the policy was also presented to Nigerians as a step that would release resources for education, healthcare, infrastructure and other essential services.
“If the subsidy has been removed and Nigerians have borne the attendant costs, then Nigerians deserve a clear explanation of how the savings are being applied,” Atiku said.
He said public universities continue to face funding challenges, with lecturers raising concerns about unpaid entitlements and outstanding agreements, while students face the risk of disruptions to the academic calendar.
Atiku added that the administration has cited increased allocations to State governments as part of the benefits of subsidy removal.
He, however, asked why public education across the federation still faces severe pressure, with both Federal and State-owned universities experiencing industrial disputes and infrastructure gaps.
“If more resources are reaching the federal government and states, citizens are entitled to ask how those resources are translating into improved classrooms, laboratories, hostels and teaching facilities,” he said.
The former vice president also raised questions about the government’s student loan scheme, NELFund.
He said the rising cost of education has put additional strain on families and that the loan programme should be matched with measures to expand access and reduce the cost burden.
“Every year, more young Nigerians seek university education. The physical capacity of the system needs to expand to meet that demand. We need to see more classrooms, laboratories, hostels and expanded admission spaces,” he said.
Atiku further said that while government has asked citizens to make sacrifices, it must also ensure transparency and equity in the application of public resources, including the use of waivers and concessions.
He called for accountability in the management of proceeds from subsidy removal, and urged the government to prioritise investment in education, healthcare and infrastructure.
“ASUU is again raising concerns over unpaid entitlements and outstanding agreements. State universities have also experienced disruptions. Students are taking loans to fund education, while infrastructure in many universities remains inadequate.
“The sacrifice has been made by Nigerians. The expected improvements in public services must now be seen and felt,” he said.
Atiku urged President Bola Tinubu to address the concerns raised by ASUU and other stakeholders, and to ensure that commitments made at the time of subsidy removal are fulfilled.
Headlines
Arteta Furious over Sunderland Penalty in Arsenal Win, Says It’s ‘Unacceptable’
Arsenal left the Stadium of Light with another three points, but Mikel Arteta was far from satisfied with one of the major refereeing decisions in the champions’ 2-0 win over Sunderland.
The turning point came early in the second half when Sunderland were awarded a penalty following a physical battle between Arsenal’s Ezri Konsa and Dan Ballard.
Although VAR reviewed the incident, the original decision stood. Arteta strongly disagreed, insisting that the footage showed no offence worthy of a penalty and warning that such calls could have serious consequences in a Premier League title race.
Sunderland had a chance to capitalise, but Raya came to Arsenal’s rescue. The goalkeeper guessed correctly to keep out Le Fée’s penalty and turned the ball onto the post.
Arsenal needed only a short time to make the save count.
Guimarães, introduced at half-time, collected the ball outside the area and unleashed a curling strike that flew into the top corner. It was his first goal since joining Arsenal and gave the visitors the breakthrough they needed.
Sunderland refused to collapse and continued to test the visitors, but Arsenal’s defence survived the pressure. Saka then put the result beyond doubt from the spot in stoppage time after Reinildo was sent off for a second yellow card.
The victory means Arsenal have won all four of their Premier League matches this season, maintaining their flawless start and moving to 12 points.
For Arteta, however, the result did not erase his concerns about the penalty decision.
He argued that football’s extensive use of VAR should ensure such controversial calls are corrected, saying the incident was not acceptable at the highest level.
Arsenal ultimately had Raya’s heroics, Guimarães’ brilliance and a resilient defensive performance to thank for turning a potentially difficult night into another important victory.
Headlines
Amusan Wins Silver at Inaugural World Athletics Ultimate Championship
Nigeria’s Tobi Amusan won the silver medal in the women’s 100m hurdles at the inaugural World Athletics Ultimate Championship in Budapest, Hungary, on Friday.
Amusan clocked 12.34 seconds to finish second behind United States Olympic champion Masai Russell, who won the title in 12.22 seconds.
Netherlands’ Nadine Visser completed the podium after finishing third in 12.39 seconds.
The result meant Amusan, a former world record holder in the event, was unable to reclaim the top spot from Russell, who broke the Nigerian’s world record with a time of 12.09 seconds at the Zurich Diamond League in August.
Russell entered the Budapest final as the favourite following her record-breaking performance in Zurich and maintained her impressive form to claim another victory.
The American also extended her unbeaten run in 2026, adding the Ultimate Championship title to the Diamond League Final crown she won in Brussels last week.
Reflecting on her performance after the race, Amusan said she went into the championship determined to give her best after a challenging period during the season.
“First, God is good,” Amusan said.
“What started off as an amazing season, you know, in between I had some nipping here and there. You know, I’m not a robot. You know, the body did shut down at a point.”
The 29-year-old hurdler said she gradually regained her momentum by taking each race as it came before arriving in Budapest with a determined mindset.
“Coming into this championship, my mindset going to the line was, ‘We die here.’ I just kept telling myself I have to give it my all,” she said.
Amusan said she was determined to put everything into the race regardless of the eventual outcome.
“All I knew was, look, I did it. That’s all I knew. And the second I saw the second-place finish, I was like, look, I can’t complain. God is good,” she said.
The silver medal came after a difficult period for Amusan, who finished third at the Commonwealth Games before Russell broke her 100m hurdles world record. She later finished fourth at the Diamond League Final.
Amusan admitted that the setbacks had been emotionally difficult but credited her family, mentor, coach and boyfriend with helping her regain her confidence.
“I’m not going to lie. It was very rough,” Amusan said.
“I mean, to my family, to my mentor, to my coach, to my boyfriend. That’s brought life back into me.”
She said the encouragement she received from those close to her helped her put the setbacks behind her and focus on the Budapest race.
“This morning it was all about put the past behind you and just go for it. And those few sentences that I got here and there got me to this finish line today,” she said.
Amusan said her second-place finish, alongside her Commonwealth medal, represented a positive response to the setbacks she had experienced.
“With the Commonwealth medal, it is a statement,” she said.
On the increasing competitiveness in the women’s 100m hurdles, Amusan described the event as becoming more difficult, warning that the battle among the leading hurdlers would intensify.
“Honestly, in that event, I think I would be the sleeping lion,” she said.
“I think the women’s hurdles is just getting scarier every damn year. Next year, I do not know what’s going to happen. But it’s going to be bloody.”






