The All Progressives Congress has responded to criticism from former Labour Party presidential candidate Peter Obi, saying the country has attracted over $20 billion in investments and recorded an all-time high of N6.52 trillion in the last year.
APC National Publicity Secretary Felix Morka said in a statement that the achievements under President Bola Tinubu’s administration contrast with the “gloomy picture” painted by Obi.
“Capital inflow into the country increased by 66.27 percent this year alone,” the party noted.
“Notable financial experts and the Nigerian Bureau of Statistics report that for the first time in our economic history, the All Share Index of the Nigerian Stock Exchange crossed the 100,000 benchmark this year, making the Nigerian Stock Exchange currently about the most profitable capital market in the world with a return on investment as high as 22.90 percent,” the party stated.
The APC also highlighted the International Monetary Fund’s projection of 3.1% GDP growth in 2024 and initiatives like the Credit Corps, Students Loan, and minimum wage increase.
“Initiatives such as the Credit Corps, Students Loan, the newly approved minimum wage, the construction of 700-kilometre Lagos-Calabar coastal highway, and many more are tailor-made by President Tinubu to combat poverty and expand economic opportunities for Nigerians,” the party said.
APC described Obi as a “loquacious and disruptive backseat driver” who has assigned himself the ignoble role of an embittered loser and spoiler.
“Mr. Obi must know that inflaming passion and mobilising outrage through false and manipulative narratives are not legitimate tools of opposition politics,” the party said.
“Expecting President Tinubu to accomplish a total transformation of Nigeria in one year, a feat he failed miserably to accomplish in eight years as Governor of Anambra state, is the height of disgraceful hypocrisy.”
The APC concluded that President Tinubu’s administration is focused on building lasting blocks of economic prosperity for Nigeria, despite the challenges.
