I would have handled economy better than Tinubu – Obi

In an interview on Arise News Prime Time on Tuesday, Mr. Peter Obi, the Labour Party's candidate for the 2023 presidential election, criticized the Bola Tinubu administration for its failure to effectively implement economic policies.

Obi, who previously served as the governor of Anambra State, expressed his concerns regarding President Tinubu's decision to float the naira without a corresponding increase in productivity. He also highlighted the rising national debt and the escalating costs of debt servicing, which he noted exceed the budget allocations for essential sectors such as health and education.

He claimed that had he been in the presidential position, the nation would have witnessed significant positive transformations within two years, as he would have prioritized investments in productivity to foster a more sustainable economy.

Obi remarked, “The current President has been in office for two years, and the situation has deteriorated. This indicates that change is possible within a two-year timeframe. If I were in that position, you would have observed substantial improvements in key areas. I would confront corruption directly and work to lower governance costs, ensuring that borrowed funds are directed towards critical sectors.”

Additionally, he criticized the high interest rates under the Tinubu administration, arguing that they hinder the growth of businesses in the country.

“We are burdened with a significant debt. The current administration inherited a debt of approximately N17 trillion, which has surged to over N170 trillion in just two years. The cost of servicing this debt surpasses the budget for vital areas like health and education. Currently, 70 percent of our primary health care centers are non-operational. If I were president, I would prioritize the restoration of our primary health care facilities and schools,” Obi stated.

Furthermore, Obi reaffirmed his membership in the Labour Party and indicated that he is collaborating with Atiku and others for the advancement of Nigeria.

Obi has expressed his discontent with President Tinubu’s administration regarding the prevailing economic challenges, asserting that the President must be accountable to the citizens of Nigeria.

He remarked, “It is insufficient for your aides to be active. As the leader, you must possess the vision, energy, and capability to fulfill your responsibilities. This is not a task that can be outsourced. You are the leader and must be accountable to the populace. We have delegated too much authority, which should not be the case.”

Addressing the turmoil within his party, he stated, “The chaos in the Labour Party is a result of the Federal Government's actions. Yes, I remain a member of the Labour Party, and I will inform you of any changes.”

“If the government truly embraces democracy, these issues can be resolved. It is essential to declare your commitment to democracy, practice it, and genuinely believe in it, regardless of whether it serves your interests. The current situation in Nigeria can be transformed under a capable leader.”

Obi accused the current administration of suppressing opposition voices, asserting that the political environment in Nigeria is structured to exclude dissent.

He specifically criticized the Tinubu administration for its management of the crisis in Rivers State, which led to the imposition of emergency rule.

“There can be no democracy without a functioning legislature and an independent judiciary. Freedom of speech is compromised when individuals are detained for their expressions. I, too, face daily harassment.

“The situation in Rivers State is regrettable, as certain individuals have rendered the state ungovernable for political motives. The declaration of a state of emergency adversely affects the fragile democracy we possess.

“The political landscape in Nigeria is engineered to stifle opposition. People often compare us to South Africa, which has a similar presidential system. However, the key difference is that they foster a thriving opposition. Their legislature reflects proportional representation, allowing the opposition to flourish.”

In those nations, switching allegiance from one political party to another carries significant repercussions, including the loss of one's seat. This is why we advocate for a constitutional amendment aimed at establishing a more effective system. If I were to assume the presidency, I would ensure that the nation operates democratically and that the opposition flourishes. Political parties should function as intended. It is essential to address the shortcomings in our democracy, a process initiated by Musa Yar'Adua before his passing, Obi remarked.

Regarding his potential candidacy for the presidency in 2027, Obi expressed that his primary focus in exploring alliances with other political entities is to rescue Nigeria from its current challenges.

He emphasized that he is not driven by a desperate desire for power but rather aims to collaborate in creating a functional Nigeria.

"I am hesitant to discuss the 2027 elections. While I am part of the coalition, any partnership must prioritize the nation's future. Our conversations should center on investing in education rather than merely seeking power. We are committed to working together to save Nigeria. My goal is not to become President out of desperation, but to ensure Nigeria operates effectively," Obi stated.