WEDNESDAY April 2, 2025 |
By thenewsdesk.ng
Candidate of the Labour Party in the 2023 presidential election, Mr Peter Obi, on Tuesday, accused the President Bola Tinubu administration of being ineffective in implementing economic policies.
Obi, a former governor of Anambra State, revealed this in an interview on Arise News Prime Time on Tuesday and also criticised the decision of President Tinubu to float the naira in the absence of productivity, while also increasing the country’s debt profile and the cost of debt servicing, which, he said, was above the budgetary allocation for critical sectors like health and education.
Obi asserted that if he were the President, the country would have experienced drastic positive changes in two years as he would have injected money into productivity that would lead to a more productive and sustainable economy.
He stated, “The President that is there today, how many years has he stayed? Two years, and look at the turn of things. It means you can change things in two years. That means if I were there, you would have seen considerable change in critical areas. I would tackle corruption head-on, and I would reduce the cost of governance. You would have seen borrowed money invested in critical areas.”
Furthermore, he criticised the high interest rate under Tinubu, asserting that the situation had made it difficult for companies operating in the country to thrive.
“Also, we have a country that is in huge debt. The current administration met a debt of about N17tn; in two years, it has moved to over N170tn.
“The cost of debt servicing is above the budget for critical areas like health, and education. 70 per cent of our primary health care centres are not functioning. I would fix our PHCs and primary schools if I were president,” Obi added.
