Peter Obi Reveals Why Current Recession Worse Than 2016

Peter Obi Reveals Why Current Recession Worse Than 2016

Peter obi

Peter Obi has revealed why the current recession is worse than 2016’s, telling politicians what to do before the 2023 general election.


Nigeria online news It reports that the candidate for vice president of the Popular Democratic Party, PDP, in the last elections, Peter Obi, has revealed that the current recession will be worse than in 2016 because the money loaned by Buhari led by FG ​​was not properly invested.

Speaking more about the recent economic recession in Nigeria, the second in five years, Peter Obi blamed the administration of President Muhammadu Buhari for failing to adequately prepare Nigerians for the impact of COVID-19.

The former governor of Anambra state, therefore, urged his fellow politicians to put aside the issues of the 2023 elections and focus on how to rescue the country from the current economic crisis.

Obi said that solving Nigeria’s economic problems was paramount than political permutations geared towards the upcoming general election.

Obi, who appeared on Channels Television’s Sunday Politics, insisting that the upcoming elections have no impact on people’s current livelihoods.

Peter Obi Reveals Why Today’s Recession Is Worse Than 2016

“The cost of governance is not acceptable, Obi said.

“There is too much waste. This recession is going to be worse than in 2016 because the money that we borrowed then was not invested properly, “he added.

“All the other countries are discussing the recession and how to lift their people out of poverty.

“So what we need to do now is focus on monetary and fiscal policies to start lifting people out of poverty.

“If you see what happened with the recent protests, you could see that we are heading for a problem.

“And I want our energy to focus on that problem. Politicians, the class I belong to, should do more seriously, beyond party lines, in order to stop the situation before it gets out of control.

“For me, it’s about discussing how we put food on people’s tables. Elections will come and we will see how to select the best. But let’s deal with the recession we just entered before 2023. “