Daily Post Nigeria APC’s nine years in power destroyed Nigeria’s prosperity – Peter Obi Home News Politics Metro Entertainment Sport News APC’s nine years in power destroyed Nigeria’s prosperity – Peter Obi Published on July 22, 2024 By Francis Ugwu Former presidential candidate of the Labour Party, LP, Mr Peter Obi, has said that urgent actions need to be taken to salvage the nation from further economic collapse. He lamented that Nigeria’s economy has seen unprecedented retrogression on many fronts for the past 9 years. Obi lamented that instead, Nigerian leaders are more concerned with funding their selfish luxuries and individual lavishness instead of concerning themselves with challenges threatening the nation’s collective existence.
In a post on his X handle on Monday, the former Anambra State Governor said political leaders are throwing blame at others who are only committed to solving the nation’s problems. He stressed that efforts should be concentrated on finding ways to recreate an inclusive and sustainable economy, pull millions of people out of poverty, and return nearly 20 million out-of-school children to schools. He said: “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 .