Peter Obi reveals why Nigeria is regressing compared to China, 2 other nations

• Peter Obi has highlighted the factors liable for Nigeria’s economical diminution and worsening poverty
• He said decades of failed governmental enactment person made Nigeria autumn down countries similar China, Indonesia, and Vietnam combined, contempt having higher GDP per capita than these nations
• Peter, who Obi spoke during a lecture helium delivered astatine Johns Hopkins University, stressed that competent and compassionate enactment is indispensable for a nation's progress

Legit.ng journalist Esther Odili has implicit 2 years of acquisition covering governmental parties and movements.

Peter Obi, the 2023 statesmanlike campaigner of the Labour Party, has attributed Nigeria’s stunted maturation and rising poorness levels to the nonaccomplishment of governmental enactment implicit the years.

Peter Obi with Professor Peter Lewis, the celebrated writer of "Growing Apart: comparing Indonesia and Nigeria". Photo credit: Peter Obi @PeterObi
Source: Twitter

He besides lamented that Nigeria has much mediocre radical than China, Indonesia, Vietnam, combined.

Peter Obi, a erstwhile politician of Anambra state, made this assertion portion delivering a lecture connected “Politics and Change successful Nigeria” astatine Johns Hopkins University successful the United States connected Thursday, April 24.

He was invited by Professor Peter Lewis, renowned writer of “Growing Apart: Comparing Indonesia and Nigeria.”

Sharing highlights of the lecture via his a station on his X leafage connected Friday, April 25, Peter Obi emphasised that the destiny of a federation is intimately tied to the prime of its leadership.

“The nonaccomplishment of a federation depends mostly connected its Political Leadership. Competent, susceptible and compassionate governmental leadership, with integrity, volition assistance nations to execute sustainable maturation and development,” helium said.

Peter Obi speaks astir Nigeria's economy, compares it to China, Indonesia and Vietnam. Photo credit: Mr. Peter Obi
Source: Facebook

Obi compared Nigeria’s trajectory implicit the past 35 years with that of 3 different processing nations specified arsenic China, Indonesia, and Vietnam, and pointed retired that, portion these countries person moved into higher categories of quality development, Nigeria has regressed contempt having a higher GDP per capita.

“In 1990, the twelvemonth the measurement of the Human Development Index (HDI) was started, these 3 comparable nations, including Nigeria, were each classified nether the mean category… 35 years later, 3 of these nations person moved up to the High class of HDI portion Nigeria has fallen into the debased category,” helium stated.

He besides raised interest astir Nigeria’s alarming poorness figures, noting that the state present has much mediocre radical than China, Indonesia, and Vietnam combined.

According to Obi, the distinguishing origin successful the advancement made by these countries lies successful their governmental leadership’s committedness to development-focused policies.

“In 1990… China had astir 750 cardinal radical surviving successful poverty… Today, however, Nigeria has much mediocre radical than these 3 countries combined,” helium lamented.“The question past is, what precisely did these countries bash to beryllium capable to execute the desired maturation and development? That is wherever governmental enactment comes in. These comparable nations, and so different progressive nations, dissimilar Nigeria, person competent enactment with character, capableness and compassion, committed to prioritizing concern successful captious areas of developmental measures; Education, Health, and pulling radical retired of poverty,” helium said.

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Peter Obi: How I would person handled Nigeria’s economy

In a trending interrogation monitored by Legit.ng, Peter Obi, faulted Tinubu's economical policies.

Obi argued that if helium were president, helium would person prioritised concern successful productivity, reduced the outgo of governance, and tackled corruption to boost economical maturation wrong 2 years.

He further confirmed his continued rank successful the Labour Party and explained his caller gathering with apical absorption figures, including PDP's Atiku Abubakar, up of the 2027 election.

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Source: Legit.ng