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‘APC Policies Have Thrown 50 Million Nigerians Into Poverty’ – Obi Explodes

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Former Labour Party presidential candidate, Peter Obi, has accused the ruling All Progressives Congress (APC) government of worsening Nigeria’s poverty crisis, claiming that its economic policies have pushed over 50 million Nigerians into poverty within just two years.

In a statement posted on his official X page on Tuesday, Obi cited a World Bank report released on October 8, 2025, which revealed that 139 million Nigerians are now living below the poverty line — a sharp rise from 87 million recorded in 2023, when President Bola Tinubu assumed office.

“The World Bank report shows that in two years under the watch of the APC regime, over 50 million Nigerians were sent into poverty,” Obi wrote. “This is a heartbreaking reflection of how deeply our nation is failing its citizens.”

SEE ALSO: Labour Party: Peter Obi Won’t Get 2027 Ticket, Says Arabambi

The former Anambra governor expressed disappointment that rather than sparking urgent national action, the government instead dismissed the report.

“What is even more concerning is that this devastating revelation has not led to an emergency and national discussion on how to effectively pull millions of our people out of poverty, but instead caused a rebuttal from the government, when the news already reflects the daily struggles of the ordinary Nigerian,” he said.

Obi further noted that despite the government’s widely publicized “reforms,” the World Bank’s findings confirm that poverty levels continue to soar — deepening Nigeria’s position as the world’s poorest nation.

He blamed the situation on what he described as a lack of clear economic direction and failure to channel reform gains into productive sectors that directly benefit citizens.

“The reasons these reforms are not working are due to the lack of a clear plan and a lack of determination to channel the supposed gains into feasible and productive areas that will benefit the people and improve overall growth,” he added.

Obi called for people-focused policies that prioritize production over consumption, empower small businesses and farmers, and ensure that public spending directly improves citizens’ lives.

“Reforms must be deliberate and strictly followed by people-focused policies that support small businesses and farmers, invest in education and healthcare, and ensure that government spending directly impacts the lives of Nigerians by pulling them out of poverty,” he said.

The former presidential hopeful concluded by stressing that no nation can progress when the majority of its citizens are impoverished.

“No nation can truly rise when the majority of its people are trapped in poverty. With the right leadership, we can make Nigeria work for every Nigerian. A New Nigeria is Possible,” Obi affirmed.

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Politics

INEC Sets September 19 for Fresh Legislative Battles Across Four States

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INEC Officials Held Captive Over Missing Declaration Form

The Independent National Electoral Commission has fixed Saturday, September 19, 2026, for by-elections to fill five vacant legislative seats across Gombe, Kano, Bauchi and Delta states.

INEC announced the date on Friday, saying voting would take place at polling units within the affected constituencies.

According to the commission, polling will open at 8:30am and close at 2:30pm on election day.

SEE MORE: INEC Raises Alarm as Fake 2027 Election Recruitment Website Surfaces

The affected constituencies are the Gombe/Kwami/Funakaye Federal Constituency in Gombe State; Dawakin Kudu State Constituency in Kano; Sakwa and Disina State Constituencies in Bauchi; and Udu State Constituency in Delta.
The five vacancies emerged under different circumstances.

In Gombe, the federal constituency seat became vacant following the death of its representative, Yaya Bauchi Tongo, who died in June 2026.

In Bauchi, the Sakwa seat became vacant following the death of its former occupant, while the lawmaker representing Disina resigned from the State House of Assembly to contest a chairmanship position.

The Udu constituency seat in Delta became vacant after its former representative, Collins Egbetamah, defected from the All Progressives Congress to the Nigeria Democratic Congress, prompting the state legislature to declare the seat vacant.

In Kano, the Dawakin Kudu State Constituency seat became vacant after its former representative, Rabiu Shuaibu, left the State Assembly to contest the Dawakin Kudu/Warawa Federal Constituency election.

Shuaibu subsequently won the federal constituency by-election conducted in June, leaving his former state assembly seat vacant.

The September 19 exercise will therefore determine new representatives for the five constituencies.

The elections will also attract political attention as parties and candidates seek to consolidate their positions ahead of the 2027 general elections.

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Politics

2027: Peter Obi Reveals Tinubu Policy He Will Keep If Elected President

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Peter Obi Condemns Incessant Killing Plaguing The Country, Calls For Action

Former Anambra State Governor and 2027 presidential candidate, Peter Obi, has revealed that he would retain President Bola Tinubu’s floating exchange-rate policy if elected president.

Obi, however, said his administration would focus on increasing productivity and domestic production to strengthen the value of the naira and improve the purchasing power of Nigerians.

The presidential hopeful made this known during an interview on Arise TV on Thursday, when he was asked to identify a policy of the Tinubu administration that he would retain if elected in 2027.

ALSO READ: Peter Obi Reveals New Strategy to Monitor 2027 Election Results From Polling Units

“There’s one – the floating of the Naira. I’m not going to defend it. But I’m going to put productivity to make it more valuable to the people,” Obi said.

Tinubu’s administration introduced the naira float in June 2023 as part of its broader economic reforms aimed at unifying Nigeria’s foreign exchange market and allowing market forces to play a greater role in determining the value of the currency.

The Central Bank of Nigeria subsequently removed restrictions around the Investors and Exporters foreign exchange window, effectively ending the previous multiple-exchange-rate system.

The reform, however, was followed by a sharp depreciation of the naira.

The currency, which had traded below N500 to the dollar around the time the reforms began, subsequently moved above N1,000/$ and later crossed N1,500/$ at various points.

While supporters of the foreign exchange reform have argued that it was necessary to eliminate distortions, improve transparency and attract investment, the policy has remained one of the most debated aspects of Tinubu’s economic programme.

Obi’s latest position indicates that he would not seek to reverse the floating exchange-rate framework if elected.

Instead, he said his focus would be on improving the productive capacity of the Nigerian economy.

The former governor has repeatedly called for Nigeria to move away from what he describes as a consumption-driven economy towards one centred on production, exports, investment and job creation.

According to Obi, increased productivity would help create stronger economic fundamentals and ultimately make the naira more valuable to Nigerians.

Beyond the economy, Obi also cautioned Nigerians against allowing ethnic considerations to determine their choices in the 2027 presidential election.

“Our election should not be driven by tribalism,” he said.

Obi contested the 2023 presidential election on the platform of the Labour Party and is now seeking the presidency in 2027 under the National Democratic Congress.

With the 2027 election drawing closer, economic issues are expected to remain central to the presidential contest, particularly the cost of living, inflation, unemployment, exchange-rate stability and the strength of the naira.

 

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Politics

Peter Obi Reveals New Strategy to Monitor 2027 Election Results From Polling Units

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Presidential candidate of the Nigeria Democratic Congress, Peter Obi, has revealed a new strategy his team plans to deploy to independently monitor election results from polling units during the 2027 general elections.

Obi, who was the Labour Party’s presidential candidate in the 2023 presidential election, disclosed the plan during an interview on Arise TV on Thursday.

The former Anambra State governor said his team would establish a system through which results recorded at polling units could be transmitted directly to its own situation room for monitoring and verification.

SEE MORE: Tension In Benue: 46 Arrested Over Blockade Of Peter Obi’s Convoy

According to him, the proposed arrangement would operate alongside the official result-transmission process of the Independent National Electoral Commission.

Obi said the objective was to ensure that votes were properly counted, recorded and transmitted from every polling unit.

He explained that his team was planning what he described as a “dual transmission” system, whereby results would be sent to the designated INEC platform while simultaneously being transmitted to his team’s monitoring centre.

“We must make sure that at every polling unit, the votes are counted, the votes are recorded properly, the votes are transmitted properly,” Obi said.

He added, “We will have even a dual transmission so that as it’s going to the proper designated INEC portal, it’s also being transmitted where the people can see it.”

Obi was subsequently asked whether the plan amounted to establishing a parallel result-transmission system.

The NDC candidate rejected that interpretation, explaining that his proposal was intended to provide an additional mechanism for independently monitoring results rather than replacing INEC’s official system.

“All we are saying is that this time around, we will make sure that in every polling unit, we must have a system that transmits to our own situation room the correct results,” he stated.

Obi further said other organisations could establish similar monitoring systems, arguing that such independent monitoring would make it harder for results that did not originate from polling units to be announced as genuine election results.

“And I’m sure there are so many other agencies that intend to do the same thing. So we’re not going to have a situation where somebody pronounces something that didn’t emanate from the polling unit. Our task is to make sure that the right things are done,” he said.

The former Anambra governor also maintained that Nigeria could conduct transparent elections, citing Ghana and other countries as examples of places where electoral processes could provide useful lessons.

On the broader 2027 political contest, Obi framed the election as a contest involving Nigerians and the government, rather than one centred solely on political parties.

His disclosure comes as political preparations for the 2027 general elections continue to intensify, with political parties and major contenders positioning themselves ahead of the presidential and other elections.

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