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‘This Is Deeply Concerning’ — Peter Obi Warns Nigeria Is Slipping Economically.
According to Nivo News, former Labour Party presidential candidate and recent member of the African Democratic Congress, Peter Obi, has issued a strong warning over Nigeria’s economic direction following India’s emergence as the world’s fourth-largest economy, overtaking Japan.....KINDLY READ THE FULL STORY HERE▶
India’s rise was recently confirmed by projections from the International Monetary Fund, which estimate the country’s gross domestic product at $4.187 trillion in 2025, marginally ahead of Japan’s $4.186 trillion. With this milestone achieved, India is now setting its sights on Germany, whose economy is valued at approximately $4.74 trillion, as it pushes to become the world’s third-largest economy.
Reacting to the development, Obi used the comparison to highlight what he described as Nigeria’s steady economic decline. In a public statement, he recalled that in 2007, India’s nominal GDP per capita stood at about $1,022, while Nigeria’s was higher at roughly $1,816. By 2015, both countries recorded growth, with India’s GDP per capita rising to around $1,584 and Nigeria’s to approximately $2,586.
However, Obi noted that the trend has since reversed dramatically. By 2025, India’s nominal GDP per capita is projected to climb to about $2,878, while Nigeria’s is expected to fall sharply to roughly $807, a development he described as alarming.
He expressed concern that Nigeria’s economic performance continues to deteriorate despite what he said were significant subsidy savings, increased revenue generation and unprecedented levels of borrowing compared to previous administrations between 1999 and 2023. According to him, the impact is being felt across the country, with small and medium-sized businesses shutting down daily, persistent power supply challenges, and rising costs of living placing basic necessities beyond the reach of many citizens.
Obi stressed that Nigeria urgently needs competent, accountable and visionary leadership capable of investing strategically in key sectors such as healthcare, education, infrastructure, agriculture and technology. He also called for a reduction in the cost of governance, elimination of waste and full transparency to allow citizens effectively track national progress.
Outlining a broader development vision, Obi said such leadership must prioritise job creation, business support, improved security, reliable energy supply, food security and human capital development. He added that restoring public trust would require holding public officials accountable for their actions.
According to Obi, only through collective effort, transparent governance and purposeful leadership can Nigeria bridge the widening gap with rapidly advancing economies like India. He concluded that with the right choices and commitment, Nigeria can reclaim its potential and build a future of shared prosperity, security and opportunity for its citizens.
Kaduna State Governor, Uba Sani, says the state has mapped out 22,435 hectares of degraded land for restoration under the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project using modern geospatial mapping technology.....KINDLY READ THE FULL STORY HERE▶
He said the initiative is part of efforts to strengthen climate resilience, tackle environmental degradation, and promote sustainable land use in the state.
Speaking at the ACReSAL mid-term review meeting in Kaduna through the Commissioner for Environment and Natural Resources, Abubakar Buba, the governor explained that the use of geospatial tools has made it possible to accurately identify affected areas for targeted intervention.
He added that the project is not only focused on land recovery but also on boosting agricultural output and improving livelihoods in affected communities.
Sani also noted that the state is supporting the programme with empowerment initiatives, including training over 500 women, youths, and school feeding vendors in biomass briquette production.
According to him, the effort is already helping to reduce dependence on firewood while creating alternative sources of income for beneficiaries.
President Tinubu has given full backing for the implementation of the ₦68.32 trillion 2026 budget after signing the Appropriation Bill passed by the National Assembly into law.....KINDLY READ THE FULL STORY HERE▶
He also approved an amendment extending the lifespan of the 2025 budget from March 31 to June 30, 2026, to ensure completion of ongoing capital projects nationwide.
Under the 2026 fiscal plan, ₦4.799 trillion is set aside for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent spending, while ₦32.2 trillion goes to capital projects—about half of the total budget.
The focus, according to the administration, is on infrastructure development, security, and growth-driven investments aimed at improving living standards.
Speaking on the development, presidential aide Bayo Onanuga said the extension of the 2025 budget will help ensure full use of allocated funds, especially for major ongoing projects.
Tinubu directed all ministries, departments, and agencies to ensure transparency, discipline, and value-for-money in implementing the budget, while praising the National Assembly for its swift passage of the bill.
He also reaffirmed his administration’s commitment to economic reforms, revenue growth, job creation, and social welfare improvements.
The Peoples Democratic Party (PDP) in Kwara State has described moves to prosecute former Senate President Bukola Saraki and former Governor Abdulfatah Ahmed over alleged culpable homicide as an attempt to reopen the 2018 Offa robbery tragedy for political purposes.....KINDLY READ THE FULL STORY HERE▶
In a statement on Friday, the party’s spokesperson, Olusegun Adewara, said the development is a disturbing and dangerous politicisation of a case they claim has already been addressed through judicial processes.
He warned against dragging the state into fresh tension, accusing the state government of attempting to revive old allegations for political advantage.
Adewara said the PDP would not remain silent while what he called “political narratives” are used to influence public perception around a tragic incident that claimed multiple lives in Offa in 2018.
He also urged residents, especially affected families, not to allow their pain to be used for political gains, insisting it is unjust to associate Saraki with the crime.
The party further alleged that the move is aimed at distracting attention from governance challenges in the state.
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