The Presidential Candidate of the Labour Party in the 2023 election, Peter Obi, has expressed concern over the worsening economic crisis in the country.
Obi expressed his concern while speaking on Arise TV on Wednesday night.
According to him, President Bola Tinubu has fulfilled his campaign promises but lamented the negative impact on the economy.
Obi recalled that during his campaign, Tinubu promised to continue where his predecessor, Muhammadu Buhari, left off. He said the President has kept his word, but noted that the consequences have been devastating.
The former Anambra Governor said: “I will give him excellent pass mark. Dollar was N460, it is now N1500. Fuel was N238, it is now about N700. Diesel was N844, it is now N1415. A bag of rice was 40 to 35 thousand, it is now about 80, 000. A bag of beans was similar, it is now about 90, 000. Garri was 27-28, it is now 49 to 50, 000. A tuber of yam was about 2700 to 3000, now it is about 10, 000.
“Tomato basket was about 40, 000, now it is about 150, 000. Electricity was N66 per kilowatt, now it is about N200.
“You can go on and on. Our debts! Even bread which is the basic things other countries are subsidizing like Egypt . Small bread was N450 is now N900. The big one that was N900 is now N1500.
“Everything has headed south, Adherence to the rule of law has worsened. Nepotism is at the highest’’
