Wednesday, October 5, 2022

Nigeria is bad news under Buhari’s APC regime: Peter Obi

“Our country today is bad news. We now have the concentration of the highest number of people living in poverty, the highest number of out-of-school children.”

• September 20, 2022
President Muhammadu Buhari and Peter Obi
President Muhammadu Buhari and Peter Obi

Peter Obi, the presidential standard-bearer on the platform of the Labour Party, has slammed President Muhammadu Buhari’s APC regime for making a hash of the governance of Nigeria.

“Nigeria today is bad news,” declared Mr Obi, a former governor of Anambra.

According to him, Mr Buhari’s rule has ensured that poverty reigns supreme in the country, expressing fear that there will be a mountain of mess to clear when a new president succeeds him.

“Our country today is bad news. We now have the concentration of the highest number of people living in poverty, the highest number of out-of-school children, and the highest rate of unemployment,” Mr Obi stressed on Monday at the Private Sector Economic Forum organised by the Lagos Chamber of Commerce and Industry.

A recent United Nations Children’s Fund (UNICEF) report revealed that the number of out-of-school children hit 20 million.

The Labour Party presidential candidate added, “The government that will come in 2023 will be confronted by an array of daunting challenges, both domestic and external.”

Mr Buhari thought differently when he visited Imo, lamenting his regime’s achievements had not been well-publicised by those who ought to do so.

“Relative, in terms of time and resources, this administration has done extremely well. I have to say it because those who are supposed to say it are not saying it. I don’t know why,” Mr Buhari said.

In 2018, Nigeria displaced India to become the world’s poverty capital, according to a report by Brookings Institution, while the National Bureau of Statistics reported that the rate of unemployment in Nigeria rose five-fold from 6.4 per cent in 2010, hitting 33.3 per cent as of the last quarter of 2020 under the Buhari regime.

Its debt profile hit N42 trillion in June this year. With the regime proposing to borrow over N11 trillion to fund the 2023 budget deficit, Mr Buhari’s regime will bequeath Nigeria over N50 trillion in debt at the expiration of his tenure.

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