Omokri Says Obi’s Political Career Is What’s Truly Falling Apart In a heated political exchange, Reno Omokri, a vocal advocate for President Bola Tinubu, has criticized Peter Obi, the 2023 presidential candidate of the Labour Party (LP), for claiming that Nigeria is collapsing under the current administration. Omokri argued that it’s not the nation but Obi’s presidential ambition that is crumbling. “No Bitter Obi, Nigeria is not collapsing. Instead, we are expanding,” Omokri posted on X (formerly Twitter). Peter Obi’s Visit to INEC Sparks Controversy Obi’s visit to the Independent National Electoral Commission (INEC) headquarters, alongside Governor Alex Otti of Abia State and some factional LP members, aimed to submit the Supreme Court ruling that removed Julius Abure as the party’s national chairman. Prior to the visit, Obi had declared during an LP National Executive Committee (NEC) meeting that Nigeria was on the verge of collapse and required urgent rescue efforts. Omokri’s Response: Nigeria Is Expanding, Not Collapsing Reno Omokri challenged Obi’s narrative, pointing to several economic indicators as evidence of national progress under Tinubu’s leadership. Here are key highlights from his argument: 1. Record Surplus by the Central Bank of Nigeria (CBN) According to Omokri, the CBN recorded a $6.89 billion surplus, a stark contrast to the $2 billion quarterly deficit reported during the Buhari administration.? Related: Understanding Nigeria’s CBN Surplus – BusinessDay 2. GDP Growth Surpasses US and UK He noted that Nigeria’s GDP rose by 3.84% in 2024, outperforming economies like the United States and the United Kingdom.? Long-tail Focus Keyword: Nigeria GDP growth under Tinubu 2024 3. Lagos State’s Economic Boom Under Tinubu’s governance, Lagos State’s economy surged from $100 billion to $259 billion, despite criticism from some economic commentators.? Image Keyphrase: Lagos economy growth under Tinubu 4. Inflation Drops as Fuel Subsidy Removed The removal of fuel subsidies, Naira flotation, and a decline in national debt led to a significant drop in inflation—from 34.80% to 24.48% by February 2025.? Long-tail Focus Keyword: inflation rate in Nigeria 2025 Tinubu effect 5. Increased Allocation for Anambra State Omokri added that Obi’s home state, Anambra, now receives three times more federal allocation compared to the Buhari era. Final Blow: Omokri Questions Obi’s Political Stability In a sharp closing statement, Omokri implied that even Peter Obi is personally benefiting from Tinubu’s economic reforms. He referenced a threefold increase in the value of Obi’s shares in an unnamed bank, stating that Obi is “richer because of Tinubu.” “In conclusion, Peteru, the only thing that has collapsed is your Presidential ambition,” Omokri declared. What This Means for Nigeria’s Political Landscape This back-and-forth highlights the intensifying political tensions as Nigeria continues to adjust under Tinubu’s administration. With increasing economic indicators suggesting progress, debates over governance effectiveness are likely to continue. Read Also: How Tinubu’s Reforms Are Reshaping the Economy Explore our latest post on how Nigeria’s inflation rate affects everyday citizens Conclusion:While Peter Obi insists on the narrative of national collapse, Omokri counters with statistics and economic data pointing to growth. The political rivalry continues to shape Nigeria’s future as both camps remain steadfast in their beliefs. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
UK Economy Records Growth as Labour Government Faces US Tariff Challenges Britain’s economic performance showed a modest uptick at the end of 2024, easing pressure on the Labour government amid ongoing trade tensions with the United States. According to official data from the Office for National Statistics (ONS), the UK’s Gross Domestic Product (GDP) increased by 0.1% in the fourth quarter of 2024, following a stagnant third quarter. This slight expansion defied expectations, as analysts had predicted a mild contraction. The Labour government, led by Prime Minister Keir Starmer, has prioritized economic growth since taking office in July 2024, following 14 years of Conservative rule. However, progress has been slow due to persistent inflation and global economic uncertainty. Economic Outlook and Growth Projections The Bank of England recently revised its UK growth forecast for 2025, reducing it to 0.75%, citing global risks and new US tariffs imposed by President Donald Trump. This marks a slowdown from the 0.9% GDP growth recorded in 2024. ONS data also revealed that December 2024 saw a 0.4% GDP increase, following months of economic stagnation. Director of Economics at ONS, Liz McKeown, stated that while services and construction sectors contributed to growth, production declines offset these gains. Government Response and Trade Concerns Chancellor Rachel Reeves reaffirmed the government’s commitment to economic recovery, emphasizing policies aimed at reducing regulatory hurdles for new infrastructure projects. “For too long, politicians have tolerated an economy that fails working people,” Reeves said. “We are accelerating our plans to improve living standards and ensure more money reaches people’s pockets.” However, the potential impact of US-imposed steel tariffs remains a significant challenge. While Canada and the European Union responded strongly, the UK is taking a more diplomatic approach. Prime Minister Starmer addressed the issue in parliament, stating: “The United States and the United Kingdom maintain a strong and balanced trade relationship. We invest heavily in each other’s economies and will continue working closely with President Trump to drive growth and job creation.” Looking Ahead Despite the positive economic data, challenges persist as Britain navigates global trade uncertainties. The government’s focus remains on strengthening economic resilience, encouraging investment, and boosting domestic industries amid international pressures. For further insights on global economic trends, read this analysis by the Financial Times. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
