Vanguard reports that the Labour Party has declared that its presidential candidate, Peter Obi, is the only leader capable of rescuing Nigeria’s struggling economy. In a statement released by the party’s national chairman, Julius Abure, the party emphasized that Obi’s economic expertise and track record make him uniquely qualified to address the nation’s financial challenges.
During a press conference in Abuja, Abure highlighted the deteriorating economic situation in Nigeria, citing rising inflation, unemployment, and a weakened currency as critical issues. He argued that Obi's experience as a successful businessman and former governor of Anambra State provides him with the necessary skills to implement effective economic policies and drive sustainable growth.
"Peter Obi has a proven record of prudent financial management and economic reforms," Abure stated. "His tenure as governor saw significant improvements in Anambra’s economy, including a reduction in debt and increased investments in education and infrastructure. We believe he is the leader Nigeria needs to restore economic stability and growth."
The Labour Party's endorsement of Obi comes amid widespread public dissatisfaction with the current administration’s handling of the economy. Many Nigerians are grappling with the high cost of living, low wages, and limited job opportunities, leading to increased calls for a change in leadership.
Obi, known for his focus on fiscal discipline and anti-corruption measures, has consistently advocated for policies that promote economic diversification, support small and medium-sized enterprises (SMEs), and enhance public sector efficiency. His economic agenda includes plans to revamp Nigeria’s industrial sector, improve agricultural productivity, and attract foreign investment through transparent governance.
Analysts have noted that Obi’s economic policies resonate with many Nigerians who are seeking practical solutions to the country’s financial woes. His emphasis on education and infrastructure development is seen as key to creating a more robust and resilient economy.