Gom Mirian
Peter Obi, the Labour Party (LP) presidential candidate for the 2023 general elections, has criticized the current administration for not giving enough attention to economic management issues.
Obi in a thread on X on Tuesday, specifically faulted the recent approval by the National Assembly of President Bola Tinubu’s request for the securitisation of outstanding N7.3 trillion ways and means debt balance.
He described the securitisation as “illegal” and highlighted the significant increase in CBN lending to the government during the Buhari administration.
Stating “In seven years, CBN lending to the Buhari government had climbed 2700% in flagrant violation of the CBN Act.”
He wrote; “This is the time when we need to go beyond politics and partisan grandstanding to address the fundamental issues of rational economic management. I am afraid that the current administration is not paying sufficient attention to issues of rational economic management.”
