The All Progressives Congress (APC) has hit back at Peter Obi, the Labour Party’s 2023 presidential candidate, insisting that the achievements of President Bola Tinubu’s administration are undeniable and need no validation from the opposition.
In a strong statement released on Wednesday, APC National Publicity Secretary Felix Morka rejected Obi’s criticisms of Tinubu’s economic policies, calling them “hysterical” and an attempt to undermine the government’s undeniable successes.
During a recent appearance on Arise Television, Obi claimed that Tinubu’s economic reforms could have been executed more effectively and linked the Labour Party’s internal issues to the current administration. However, Morka swiftly countered, pointing to key accomplishments under Tinubu’s leadership, including resolving a $7 billion foreign exchange backlog and tackling over $30 billion in Ways and Means debt.
Morka also highlighted the reduction of Nigeria’s debt servicing ratio from a staggering 98% to around 64%, and the significant increase in oil production to more than 1.8 million barrels per day—surpassing OPEC’s 1.5 million barrels per day target for the first time in years.
“It was painful to watch Mr. Obi struggle to present any solid economic argument while the facts of President Tinubu’s reforms speak for themselves,” Morka said. “Mr. Obi’s desperate attempts to sensationalize temporary challenges, as he did on national television, only showcased his frustration and political desperation.”
Morka further criticized Obi for his recurring claim that he could have done better as president, calling it a symptom of his failure to accept the reality of his election loss. “Like an unlicensed backseat driver, Mr. Obi needs to curb his unrealistic and inflated sense of self-importance,” he added.
The APC emphasized that true opposition should acknowledge the administration’s successes while offering constructive critique, not resort to unfounded attacks for political gain. According to Morka, the progress made under President Tinubu is evident in every sector of Nigeria’s economy.
Morka went on to remind critics that Obi’s tenure as Governor of Anambra State left behind a legacy of economic stagnation and infrastructural decline. In contrast, he described President Tinubu as a proven achiever, transforming Nigeria’s economic landscape with steady progress in oil production, trade surpluses, food inflation control, and a revitalized forex market.
“Under President Tinubu’s leadership, Nigeria’s economy is on the rebound, with growth forecasts of 3.6% for the year, a thriving stock exchange, and expanding industries in agriculture, manufacturing, and creative sectors,” Morka stated. “Global institutions are applauding Nigeria’s newfound economic competitiveness, while Obi and his supporters continue to deny these remarkable successes.”
In conclusion, the APC stressed that Tinubu’s leadership has ushered in a “silent economic revolution,” and dismissed opposition attempts to undermine his achievements as politically motivated and factually inaccurate.
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