The last nine years of the All Progressives Congress (APC) administration have been a tale of retrogression, Peter Obi, has lamented.
The last nine years of the All Progressives Congress administration have been a tale of retrogression, with the country’s economy declining to an all-time fourth position, the Labour Party Presidential Candidate in the 2023 poll,Writing on his X handle on Monday with statistics, Obi indicated that no effort is being made to address the growing poverty and unemployment in the land as the government funds its luxury lifestyle.
“For the past nine years, Nigeria’s economy has seen unprecedented retrogression on many fronts. In 2014, just before the inception of a new administration a year later, Nigeria had the biggest economy in Africa with a Gross Domestic Product of $568.5 billion and a GDP per capita of about N3200. “Today, poverty is on the increase. Unemployment is rising. Food inflation is skyrocketing. Our foreign and local investors are losing faith in the future growth of our economy and are leaving. Businesses are shutting down. Urgent actions need to be taken to salvage the nation from further collapse and move it from consumption to production!
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