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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.
Abia State governor, Alex Otti, has announced plans to construct a FIFA-standard stadium in Aba with a seating capacity of approximately 35,000, in what is being described as one of the most significant sports infrastructure projects in the State’s development agenda.
The proposed stadium is designed to meet international football standards, making it suitable for hosting top-tier domestic league matches, continental competitions, and other global sporting events.
The facility is expected to feature modern pitch technology, upgraded spectator stands, advanced lighting systems for night games, VIP lounges, media centres, locker rooms, and safety and security installations that align with FIFA requirements.
The project is also expected to include auxiliary facilities such as training pitches, parking spaces, and support buildings that will enhance its overall functionality as a multi-use sports complex.
According to the governor’s vision, the stadium is not just a sports project but part of a broader economic revitalisation plan for Aba.
The city, already known as a major commercial hub in South-eastern Nigeria, is expected to benefit significantly from increased sporting activities, which will drive business for hotels, transport operators, food vendors, and local entrepreneurs.
The initiative is also positioned to strengthen grassroots football development and provide a modern home ground for local teams, especially Enyimba FC, one of Nigeria’s most successful football clubs.
The project is expected to be executed through a structured development approach that may involve partnerships aimed at ensuring timely delivery and high construction standards.
When completed, the stadium is projected to elevate Abia State’s profile in national and African football circles while creating new opportunities for youth engagement, talent development, and sports tourism.
Overall, the Aba stadium plan reflects a strategic push by the state government to combine sports, infrastructure, and economic development into a single long-term growth vision for Abia State.
Suspected gunmen have abducted the sister of a former Minister of Power, Adebayo Adelabu, in Ibadan, the Oyo State capital.
The family of former minister and chieftain of the All Progressives Congress (APC) confirmed the abduction, disclosing that Mrs. Olaide John-Paul and her 12-year-old twin sons were kidnapped by the gunmen on Wednesday, June 3, 2026.
According to a statement issued by Adelabu’s media aide, Femi Awogboro, the victims were kidnapped at about 7:30am while Mrs. John-Paul was taking her children to school.
Mrs. John-Paul, the youngest of five children of Mrs. Olufunmilayo Aduke Adegoke Adelabu, reportedly retired voluntarily from her career at First Bank Pension Custodian in 2025 before relocating to Ibadan with her children.
She was said to be making arrangements to join her husband, who had earlier relocated to the US.
The family expressed deep concern over the development but stated that security agencies had already commenced efforts to rescue the victims and apprehend those responsible.
“We are pleased to confirm that security operatives have swung into action and preliminary investigations have commenced in earnest,” the statement partly read.
While appealing for calm, the family urged members of the public to refrain from spreading unverified information that could undermine ongoing rescue operations.
“We are deeply distressed by this unfortunate incident, but remain hopeful that the victims will be rescued safely. We appeal to the public to remain calm, avoid speculation and support ongoing efforts with prayers,” the statement added.
The family also called on anyone with useful information that could aid the rescue operation to promptly share such intelligence with security agencies through the appropriate channels.
It assured that it would continue to cooperate fully with law enforcement authorities and provide updates as investigations and rescue efforts progress.
The General Overseer of Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has called on the Federal government to issue a 90-day ultimatum to security chiefs to end terrorism in Nigeria or step aside.
Adeboye made the appeal in a video shared on his X (formerly Twitter) account on Tuesday, expressing deep concern over the country’s deteriorating security situation.
He emphasized the need for urgent and decisive action, stressing that security chiefs must be held accountable for tangible results in the fight against terrorism.
According to him, while citizens can only advise the Commander-in-Chief, it is within the government’s power to set clear expectations and timelines for security leaders.
“If I were to make a suggestion, I would say the government should act swiftly and direct the service chiefs to eradicate terrorists within 90 days or resign,” he said.
The cleric also urged authorities to go beyond targeting terrorists alone, insisting that their sponsors must equally be identified and dealt with, regardless of their social or political influence.
“When issuing directives, it should be made clear that both terrorists and their sponsors must be eliminated, no matter how powerful they are,” he added.
Adeboye recalled that a former Nigerian president had once issued a similar three-month directive to security chiefs to end the Boko Haram insurgency but failed to enforce the order after the deadline expired.
Reflecting on his interaction with the late president, Adeboye noted that although initial efforts were made, the lack of follow-through undermined the directive’s effectiveness.
He maintained that his current recommendation is informed by that experience, urging the government to ensure strict enforcement if such a timeline is adopted.
His comments come amid renewed concerns over persistent terrorist attacks, banditry, and kidnappings across the country, with increasing public pressure on authorities to take stronger action against insecurity.
