Tue. Sep 21st, 2021

Peter obi says the Buhari regime will throw more Nigerians into poverty with unwise economic investment

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Peter Obi, the PDP vice presidential candidate in the last general elections, says President Muhammadu Buhari’s regime will throw more Nigerians into poverty by making unwise economic decisions.

Mr. Obi, a former governor in Anambra, called on Mr. Buhari’s regime to invest its several borrowed funds in profitable ventures to enhance the nation’s socio-economic development.

He explained that it was not bad for the regime to borrow money, if the funds were used for investment, that would improve the economy.

According to him, borrowing for consumption is bad. The former governor added that the economy would have been doing better if borrowed funds were invested and rightly spent.

Mr. Obi warned that more people would be thrown into poverty if the government failed to improve the economy.

He told journalists this on Thursday after his courtesy visit to Governor Seyi Makinde in Ibadan.

Mr. Obi, the pro-chancellor of Dominican University Ibadan, led the institution’s management on the courtesy visit.

“What develops a nation is an education, health, and things that can pull people out of poverty,” he stated.

On the newly signed Petroleum Industry Act by Mr. Buhari, he noted, “But, the government would have considered the five percent being demanded by the host communities. We must learn to care for those who are generating resources for us, whether it is petroleum, VAT, or other things.”

Mr. Obi added, “We should consider supporting communities or areas where we generate the income
we are sharing.”

On the forthcoming Anambra governorship election, he urged INEC to conduct a free, fair, and credible election.

He stated that votes of the people should count, urging politicians to stop preparing for election as if they are preparing for war.


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