Corruption Ruining Nigeria, Fuel Subsidy Organised Crime – Obi

Corruption Ruining Nigeria, Fuel Subsidy Organised Crime – Obi
Peter Obi

Peter Obi, the Labour Party’s presidential candidate, has expressed that Nigeria’s economy is failing because of fiscal irresponsibility, a failure to address insecurity, and corruption.

Obi added that the country’s unity and cohesion had been harmed by domestic issues brought on by poor leadership.

Speaking on Monday at the Private Sector Economic Forum hosted by the Lagos Chamber of Commerce and Industry, the former governor of Anambra State said the administration that succeeds President Muhammadu Buhari in 2023 will face a number of challenges.

Obi stated that Nigeria was not bereft of transformative ideas from brilliant minds.

Also Read: “Nigeria Cannot Be Fixed Overnight” – Peter Obi Says On CNN

He also noted that institutional weakness and lack of political will had led to poor outcomes that had affected the people. He regretted that Nigeria now had frightening levels of poverty, unemployment rate and out-of-school children.

Obi pointed out that given our history, politics and governance challenges, moving Nigeria forward would require concerted efforts and a shift from coercive to consensus approach.

“The government that will come in 2023 will be confronted by an array of daunting challenges, both domestic and external,” Obi said.

“The domestic ones have accumulated over the years, and because of leadership failure, have not been dealt with, and these have impacted heavily on our unity, social cohesion as well as the economic outcome. It has affected us negatively.

“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.”

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