Incompetent Tinubu govt shouldn’t celebrate World Bank economic report – Obi
The presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi, has criticised President Bola Tinubu’s administration over its handling of the economy, insisting that improvements in some macroeconomic indicators have not translated into better living conditions for Nigerians. Obi said the Federal Government should not interpret the recent World Bank report on Nigeria’s […]…
Nigerian presidential candidate Peter Obi, from the Nigeria Democratic Congress, has harshly criticized President Bola Tinubu's administration's response to the World Bank's latest economic assessment of Nigeria. Obi argued that the recent report does not warrant celebration by the Tinubu government as it fails to reflect genuine improvements in the lives of ordinary Nigerians.
His statement came in response to the World Bank report, which highlighted macroeconomic indicators, but Obi maintained that these metrics do not adequately capture the living conditions of citizens. The NDC leader pointed out that economic growth and increased government revenue do not automatically translate into reduced poverty, unemployment, or inequality.
He maintained that key indicators of true economic advancement should encompass a decrease in poverty levels, job creation, and enhanced access to essential services such as food, healthcare, and education. Obi expressed dissatisfaction with the Tinubu administration's economic policies, pointing to excessive spending on debt interest payments, which surpassed government revenue, as well as a decline in capital expenditure by approximately N700 billion.
He called for a review of economic reforms and urged the government to prioritize the welfare of citizens over superficial economic statistics.
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