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Peter Obi Chides FG, Says Poverty on the Increase, Unemployment Rising
The presidential candidate of the Labour Party in the 2023 election, Peter Obi, has criticized Nigerian leaders for their misplaced priorities amidst the country’s declining economic fortune. Obi, in a social media statement, noted that Nigeria’s GDP growth rate plummeted from 6.72% between 1999-2014 to 2.79% in 2015, followed by a recession in 2016 with a negative growth rate of -1.58% and 0.82% in 2017.
He lamented that the country’s economy has regressed significantly over the past nine years, with Nigeria losing its position as Africa’s largest economy. He said, “When Nigeria returned to democratic governance in 1999, it maintained an average GDP growth of about 6.72% for 16 years from 1999-2014. The impressive growth trajectory, unfortunately, was not sustained by the then-new government and our GDP growth collapsed to 2.79% in 2015 and then sank into a recession in 2016 with a negative growth of -1.58% and 0.82% in 2017. For the past 9 years, Nigeria’s economy has seen unprecedented retrogression on many fronts.
“In 2014, just before the inception of a new administration a year later, Nigeria had the biggest economy in Africa with a Gross Domestic Product of $568.5 billion and a GDP Per Capita of about $3,200.
“Our economic indices pointed towards hope and prospects for the future growth of the economy. Nine years later, the giant of Africa has retrogressed to the 4th largest economy in Africa.
“Reports showed our GDP in 2023 stood at $375 billion with a per capita of $1700. In 2024, our estimated GDP declined further to $253 billion with an estimated per capita of $1087. These trends and figures show how our 9 years journey since 2015 has resulted in a sharp decline in our national prosperity.”
He added, “Today, poverty is pervasive and on the increase. Unemployment is rising. Food inflation has skyrocketed to over 43%.
Foreign and local investors are losing faith in the future growth of our economy and are leaving in large numbers.
“Businesses are shutting down. Urgent actions need to be taken to salvage the nation from further economic collapse and move it from consumption to production.” Instead of addressing these pressing issues, Obi accused leaders of prioritizing their selfish luxuries and lavishness while blaming others for the country’s problems.
According to him, politics should focus on serving the people and bettering society, committing to inclusive and sustainable growth to alleviate hardship and achieve a peaceful and secure society.
Former Niger Delta militant leader, Mujahid Asari-Dokubo, has accused President Bola Tinubu, of betraying him after helping him (Tinubu) to emerge president in the 2023 elections.
Dokubo made the accusation in a viral video shared on social media on Saturday, lamenting how he emptied his bank accounts to canvas votes for Tinubu during the 2023 presidential election, only for the latter to abandon him and his Ijaw people.
The former warlord, however, vowed to form an alliance with the North ahead of the 2027 general elections.
“I apologise to our fathers because they were not wrong in allying with the North, and as young men, we will now start that same alliance,” he said in the video.
“From today, I will work and form an alliance with the North. President Tinubu betrayed me after I spent all my money and emptied my bank account campaigning for him.
“The Tinubu I know now isn’t the Tinubu I used to know. We will take this message across that only the Northerners can work with the Ijaw people.
“We can’t work with Yoruba people; they are a betrayal to us. We risked our lives by voting and doing everything, and this is what we get?”
“From today, I will work and form an alliance with the North. President Tinubu betrayed me after I spent all my money and emptied my bank account campaigning for him,” he insisted.
He also lamented the scrapping of the Niger Delta ministry in a recent cabinet reshuffle by the president, and the formation of a ministry of regional affairs under which the Niger Delta Development Commission (NDDc) will come.
He said the ploy is to render the NDDC ineffective which using the resources from the Niger Delta region to fund other development commission.
The Confederation of African Football (CAF) has awarded three points, and three goals to Nigeria for the missed Libya game.
The development comes after the CAF president, Patrice Motsepe, said a thorough probe was ongoing following the recent controversy surrounding Nigeria’s Africa Cup of Nations qualifier against Libya.
Motsepe had maintained that the continental body would not tolerate any lack of sportsmanship and unfair treatment in African football.
However, in the latest development on Saturday, a statement signed by CAF’s Chairperson of CAF Disciplinary Board, Ousmane Kane said the decision to award Nigeria the points was taken after findings by the disciplinary committee it set up to look into the matter, found Libya guilty of the inhumane treatment meted out to the Nigerian senior men’s football team.
The 5-man disciplinary committee consist of; Mr. Ousmane Kane (Senegal) Chairperson, Ms. Njeri Onyango (Kenya) Vice-Chairperson, Mr. Felix Golbassia (Tchad) Member, Mr. Patrick Shale (Lesotho) Member, and Mr. Norman Arendse (South Africa) Member.
CAF said the disciplinary board decided that; “The Libya Football Federation is found to have breached Article 31 of the African, Cup of Nations Regulations as well as Articles 82 and 151 of the CAF Disciplinary Code, and that the match No.87 Libya v. Nigeria of the CAF African Cup of Nations Qualifiers 2025 (scheduled to be played on 15 October 2024 in Benghazi) is declared lost by forfeit by Libya (by a score of 3-0).”
Following the conclusion of the board’s findings, CAF also ordered the Libya Football Federation to pay a fine of USD 50,000 within 60 days of notification of the present decision.
The players and officials were stranded for hours at a Libyan airport and denied access to food and the internet as they prepared to honour their 2025 Africa Cup of Nations (AFCON) qualifier with the Mediterranean Knights.
It took diplomatic efforts and social media callouts for the team to be cleared to finally leave Libya.
With the CAF decision, Nigeria is now poised to qualify for the 2025 Africa Cup of Nations, with two matches to spare.
The Eagles are now on 10 points from four matches, four points better than second-placed Benin Republic, while Rwanda have five points. Bottom-placed Libya have only one point and are out of the running for qualification.
Victory or draw against the Cheetahs of Benin Republic in Abidjan on Thursday, 14th November (a Matchday 5 encounter) will land the Super Eagles a ticket to the finals in Morocco, December 2025/January 2026.
President Bola Tinubu has dismissed five ministers from his cabinet and appointed seven new ones as part of a cabinet reshuffle.
The President re-assigned 10 ministers to new portfolios and nominated seven new ministers for Senate confirmation.
He dismissed Uju-Ken Ohanenye as Minister of Women Affairs, Lola Ade-John as Minister of Tourism, Tahir Mamman as Minister of Education, Abdullahi Gwarzo as Minister of State for Housing and Urban Development, and Jamila Ibrahim as Minister of Youth Development.
Among the nominees, Tinubu selected Bianca Odumegwu-Ojukwu as Minister of State for Foreign Affairs and Nentawe Yilwatda as Minister of Humanitarian Affairs and Poverty Reduction, marking the official end of suspended Betta Edu’s tenure.
Other nominees include Maigari Dingyadi for Minister of Labour and Employment, Jumoke Oduwole for Minister of Industry, Idi Maiha for the newly established Ministry of Livestock Development, Yusuf Ata for Minister of State for Housing and Urban Development, and Suwaiba Ahmad for Minister of State for Education.
“The appointment of Shehu Dikko as Chairman of the National Sports Commission.
“The appointment of Sunday Akin Dare as Special Adviser to the President on Public Communication and Orientation working from the Ministry of Information and National Orientation,” the President said.
The President appreciated the outgoing members of the Federal Executive Council for their service to the nation while wishing them the best in their future endeavours.
He then charged the newly appointed ministers and their reassigned colleagues to see their appointment as a call to serve the nation.
Source: Nairametrics
