The 2023 presidential candidate of the Labour Party (LP), Peter Obi, has stated that Nigeria’s revenue growth must be evident in the lives of its citizens.
On Tuesday, President Bola Tinubu announced that the federal government had achieved its 2025 revenue target ahead of schedule, ruling out any further borrowing.
Tinubu attributed the achievement to non-oil revenue, adding that his administration has made strides in stabilising the economy despite global challenges.
Responding on Wednesday, Obi said Nigerians ought to feel the effect of the supposed stability in their pockets.
The former Anambra State governor pointed out that schools and hospitals across the country remain in poor condition.
“The President has announced that our nation’s revenue target for the year has now been achieved by August, which could mean a stabilising economy,” Obi wrote on X.
“Congratulations Mr. President. But Mr. President, if indeed the economy stabilises as you declared, then Nigerians must feel it in their daily lives.
“Borrowings must stop now. Huge Contractors’ bills, which are still owed should be paid, and critical underfunded projects must now be funded.
“Our educational facilities and hospitals are still in terrible condition. True economic stability is not in figures announced at press conferences, but in classrooms where children learn, in well-equipped labs and access to learning tools, in hospitals, where citizens can receive quality care, equipped with adequate facilities.
“For the next four months, every value of our excess revenue should be deliberately channelled into the critical areas of development: health, education, and pulling people out of poverty.
“This must be done transparently, with verifiable and measurable outcomes.
“Anything less will mean that revenue growth has not translated into national growth.”