Economic Rights Activists tackle Peter Obi over comments on state of economy

The Forum of Economic Rights Activists (FERA) has tackled Labour Party, LP, 2023 presidential candidate, Peter Obi, over his recent comments on the state of the Nigerian economy.

FERA, in a statement by its President,
Dr. Moses Okino, faulted Obi's recent appearance on Arise Television's Prime Time programme, where he criticized the Federal Government's economic policies.

Describing Obi's criticism of the government's reforms as “amateurish” and “dishonest”, FERA said the LP presidential candidate deliberately distorted facts to suit his own narrative.

The group disagreed with Obi on his claim that corruption has not been effectively tackled. According to FERA, the abolition of the petrol subsidy is a significant milestone in the fight against corruption.

Parts of the statement read, “The Forum of Economic Rights Activists (FERA) is not surprised at Peter Obi’s posturing.

“Our counsel to those who still believe the rants of the Labour Party’s candidate is for them to step back and critically assess the situation.

“It becomes obvious that Peter Obi is no longer able to brand himself as a businessman, neither can he be correctly described as a politician anymore since he has done his best to destroy the Labour Party – the late Doyin Okupe gifted Nigerians the revelation that Peter Obi only used the Labour Party as a Special Purpose Vehicle (SPV).

“It is on this note that we caution Peter Obi to explore other options for seeking relevance ahead of the 2027 General Elections and stop his attempt at revisionism.”

It would be recalled that Obi had accused the President Bola Tinubu administration of being ineffective in implementing economic policies.

Obi also criticised Tinubu's decision to float the naira in the absence of productivity, while also increasing the country’s debt profile and the cost of debt servicing.

He asserted that if he were the President, the country would have experienced drastic positive changes in two years as he would have injected money into productivity that would lead to a more productive and sustainable economy.