When Nigeria returned to democratic governance in 1999, it maintained an average GDP growth of about 6.72% for 16 years from 1999-2014. The impressive growth trajectory, unfortunately, was not sustained by the then-new government and our GDP growth collapsed to 2.79% in 2015 and then sank into a recession in 2016 with a negative growth of -1.58% and 0.82% in 2017. For the past 9 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 $3,200. Our economic indices pointed towards hope and prospects for the future growth of the economy. Nine years later, the giant of Africa has retrogressed to the 4th largest economy in Africa.

Reports showed our GDP in 2023 stood at $375 billion with a per capita of $1700. In 2024, our estimated GDP declined further to $253 billion with an estimated per capita of $1087. These trends and figures show how our 9 years journey since 2015 has resulted in a sharp decline in our national prosperity.

Today, poverty is pervasive and on the increase. Unemployment is rising. Food inflation has skyrocketed to over 43%. Foreign and local investors are losing faith in the future growth of our economy and are leaving in large numbers. Businesses are shutting down. Urgent actions need to be taken to salvage the nation from further economic collapse and move it from consumption to production!

However, instead of concerning ourselves with all these challenges threatening our collective existence and finding ways to recreate an inclusive and sustainable economy, pull millions of people out of poverty, and return our nearly 20 million out-of-school children to schools, our leaders are more concerned with funding their selfish luxuries and individual lavishness, while throwing blames at others who are only committed to solving the nation's problems.

I have always believed that politics should be about service to the people and the betterment of society. In the face of all these challenges, we the leaders should commit to inclusive and sustainable growth to end the hardship which has continued to burden our fellow Nigerians.

Only through that can we achieve a peaceful and secure society. A New Nigeria based on better economic and patriotic thinking is very POssible. -PO

https://x.com/PeterObi/status/1815321013141246097?t=Ft8Gy-Ut_Inf205tJuJ81g&s=19 nlfpmod

Well spoken sir. This is how a man who truly understands the intricacies of micro and macroeconomics speaks.

Meanwhile, one druggie and certificate forging disaster of a man is saying "nah statistics we go chop chop?", and blabbing "take away their recruitment sources and reduce their purchasing power" have ended up bastardizing the economy of a nation. Now here is the abysmal state of things

Noted

helinues:
Noted

What and what did you note? Hurry up ok.

helinues:
Noted

You wey understood nada. Reports showed our GDP in 2023 stood at $375 billion with a per capita of $1700. In 2024, our estimated GDP declined further to $253 billion with an estimated per capita of $1087. These trends and figures show how our 9 years journey since 2015 has resulted in a sharp decline in our national prosperity.

Today, poverty is pervasive and on the increase. Unemployment is rising. Food inflation has skyrocketed to over 43%. Foreign and local investors are losing faith in the future growth of our economy and are leaving in large numbers. Businesses are shutting down. Urgent actions need to be taken to salvage the nation from further economic collapse and move it from consumption to production!

However, instead of concerning ourselves with all these challenges threatening our collective existence and finding ways to recreate an inclusive and sustainable economy, pull millions of people out of poverty, and return our nearly 20 million out-of-school children to schools, our leaders are more concerned with funding their selfish luxuries and individual lavishness, while throwing blames at others who are only committed to solving the nation's problems.

Our incoming president come 2027.

nlfpmod and other mods please do the needful here.

Upon all the taxes and more tax, bụlaba has got nothing to show for it.

The draconian tax master for a reason.

Racoon:
You wey understood nada. Reports showed our GDP in 2023 stood at $375 billion with a per capita of $1700. In 2024, our estimated GDP declined further to $253 billion with an estimated per capita of $1087. These trends and figures show how our 9 years journey since 2015 has resulted in a sharp decline in our national prosperity.

Today, poverty is pervasive and on the increase. Unemployment is rising. Food inflation has skyrocketed to over 43%. Foreign and local investors are losing faith in the future growth of our economy and are leaving in large numbers. Businesses are shutting down. Urgent actions need to be taken to salvage the nation from further economic collapse and move it from consumption to production!

However, instead of concerning ourselves with all these challenges threatening our collective existence and finding ways to recreate an inclusive and sustainable economy, pull millions of people out of poverty, and return our nearly 20 million out-of-school children to schools, our leaders are more concerned with funding their selfish luxuries and individual lavishness, while throwing blames at others who are only committed to solving the nation's problems.

You see, that noted was a bait for you Obidients as you are just too emotional about politics matter.

So Peter Obi raised some points which might be useful for the development of Nigeria, our own country, were you expecting me to attack him for making this constructive suggestions?

Wouldn't this same suggestions be noted if it was to be from another person apart from Peter Obi?

This is a confirmation of what we have been saying about the Obidients group, Obidients people, you don't welcome others ideas, if not yours then they can go to whatever. How would you win ordinary a spoon with this mentality?

Btw, stop all this years of nagging on my comments. It's for your own health.

APC is a disaster. It's clear that whatever they represent is not good for Nigeria. We can't keep APC around us anymore. They're bunch of ethnic criminals, who forgot their primary duties as leader.

E be like say Peter Obi no fit read the room. Na him dey always complain, yet he had the chance to show us better during his time. If you wan talk about economy, make we see your own blueprint first, no be just wahala wey dey come from mouth. Nonsense!

helinues:


You see, that noted was a bait for you Obidients as you are just too emotional about politics matter.

So Peter Obi raised some points which might be useful for the development of Nigeria, our own country, were you expecting me to attack him for making this constructive suggestions?

Wouldn't this same suggestions be noted if it was to be from another person apart from Peter Obi?

This is a confirmation of what we have been saying about the Obidients group, Obidients people, you don't welcome others ideas, of not yours then then can go to whatever.

Btw, stop all this years of nagging on my comments. It's for your own health.

I've been observing you for quite some time.
You don't have to reply every troll.
Replying them gives credence to their claims of you being jobless, BTW I wonder why you reply them often. Is it that you savor their trolling or what, like I don't just understand.
But then again, when referring to the obidient family, please apply decorum for the sake of veterans and senior citizens in the family like me and other numerous members.

He is always sleeping when flying the Nigeria Economy flight ✈️✈️✈️

DamnnNiggarr:

I've been observing you for quite some time.
You don't have to reply every troll.
Replying them gives credence to their claims of you being jobless, BTW I wonder why you reply them often. Is it that you savor their trolling or what, like I don't just understand.
But then again, when referring to the obidient family, please apply decorum for the sake of veterans and senior citizens in the family like me and other numerous members.

If the veterans Obidients can't call their wards to order, then they would all be lumped into this.

You can not say you have not been seeing how they have been attacking others even when you make innocent comments. That's bullying which must be stopped

Na data we go chop in Tinubu's voice, pre-2023 election

Tinubu is an ineffectual buffoon.
Very clueless and thoughtless fraudster.
To still think he has some useful idiots still supporting him makes it worrisome.
E no go better for APC.

.

Obi my muan....

Any groups and organisations planning any form of protest should stay clear from south east.

Do your protest from other regions apart from south east, they can take it as a threat or warning.

Worst president in the history of Nigeria is Tinubu. Very useless

The progressive decline of Nigeria's economy is the comeuppance of Igbo will not rule Nigeria. They are building an economy of Nigeria they wittinglly broke to pieces through their economic war against the Igbo since 1970.

onuman:
The progressive decline of Nigeria's economy is the comeuppance of Igbo will not rule Nigeria.

even in the next generations your Papa or family member no fit reach Peter obi. So be warned

At the rate we are going, ₦50 note will soon become worthless like ₦10.

The Isrealite no see Tinubu, dey for know say pharoah na good man

Tinubu was and still is the greatest catastrophe to befall the country

Na statistics we go chop ......yen yen yen yen


Laslas everybody don collect..

Obi ! Obi !! Obi !!! Seriki n munafiki

Racoon:

https://x.com/PeterObi/status/1815321013141246097?t=Ft8Gy-Ut_Inf205tJuJ81g&s=19 nlfpmod

Why won’t the economy decline when Bitter Obi is a propagandist liar who says one thing while doing the opposite

bennybuhari:
“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/