The Labour Party presidential candidate in the 2023 election, Peter Obi, used Nigeria’s 65th Independence anniversary to deliver a scathing critique of the current administration, while urging citizens not to give up hope in the country’s potential.
Obi described Oct. 1 as a day that should mark gratitude and pride, but instead reflects “tragic failures of leadership” that have left Africa’s most populous nation diminished. “Today, the picture is bleak,” Obi said in a statement titled A Great Nigeria Is Still Possible.
“Our total debt stands at about N175 trillion, nearly 50 percent of GDP, without any improvement in productive sectors. Nigeria has fallen to the fourth-largest economy in Africa, behind South Africa, Egypt, and Algeria.”
The former Anambra governor accused the All Progressives Congress government of reckless borrowing, heavy taxation of struggling citizens, and “extravagant spending” on luxuries while millions sink deeper into poverty. He pointed to over N25 billion spent renovating the vice president’s residence and billions on jets, yachts, and cars — expenditures that, he argued, eclipse budgets for vital healthcare and education.
“This government borrows recklessly, not for investment in productive infrastructure but for wasteful consumption,” Obi charged.
On insecurity, Obi lamented Nigeria’s status as “one of the most terrorised and unsafe nations in the world,” with kidnapping and terrorism crippling economic activity.
He said corruption, cronyism, and disregard for the rule of law had scared off investors, leaving other African nations to outpace Nigeria as preferred destinations.
Still, Obi stressed that the country’s vast resources and resilient citizens make a turnaround possible. “Despite this mismanagement, Nigeria’s potential for greatness remains. What we need is competent, compassionate, and committed leadership,” he said.
He urged political leaders to “transcend personal interests” and embrace a new politics rooted in justice, security, and prosperity.
Drawing comparisons with China, India, and Bangladesh — countries that turned their fortunes around through disciplined leadership — Obi called on Nigerians to hold on to the dream of a reformed, industrialized nation.
“Against all odds, we will return Nigeria to the path of prosperity and justice. We will not relent. We will not be discouraged. The mission is clear: Nigeria will rise again.”
