Peter Obi, the Labour Party’s 2023 presidential candidate, has blamed Nigeria’s stalled progress on corruption, insecurity, and what he described as weak leadership under President Bola Tinubu.

In a statement on his X handle, Obi said more Nigerians are slipping into poverty because leaders have failed to prioritise the welfare of the people. He cited United Nations figures showing that about 34 million citizens could face severe food shortages, while 133 million, roughly 63% of the population, are living in multidimensional poverty.

The former Anambra State governor noted that inflation, now close to 30%, combined with unemployment and poor economic management, has eroded the middle class. He argued that other countries facing similar or even worse conditions have managed to recover through disciplined leadership and sound policies, pointing to Argentina as an example.

Obi highlighted that Argentina’s poverty rate, which stood at over 52% with inflation above 200% in early 2024, has dropped significantly under its new president – with poverty now at 38.1%, extreme poverty at 8.2%, and inflation reduced to 2–3% monthly within two years.

Drawing a comparison, he said both Argentina’s president and Tinubu started their terms in the same year, stressing that while two years may not be enough to fully transform a country, it is enough to begin meaningful reforms if leaders are honest and focused.