The Independent Media and Policy Initiative (IMPI) has criticized Peter Obi’s analysis of President Bola Tinubu’s economic policies, calling it simplistic and lacking substance.

In a policy statement issued by IMPI’s chairman, Dr Niyi Akinsiju, the group argued that Obi’s proposal to inject money into productivity as a solution to Nigeria’s economic challenges is manipulative and demonstrates a limited understanding of the country’s economic complexities.

According to IMPI, economic productivity is influenced by various factors, including human capital, technology, physical capital, natural resources, and entrepreneurship.

The group questioned Obi’s ability to implement his proposed policies, given the country’s low revenue and huge accumulated debt.

IMPI also countered Obi’s criticism of the Tinubu administration’s economic reforms, citing data from the National Bureau of Statistics (NBS) that shows a significant increase in Nigeria’s trade volume and revenue generation in 2024.

The group noted that the Tinubu administration has implemented significant reforms to stabilize the economy, resulting in modest growth, improved fiscal health, and rising foreign exchange reserves.

Key Highlights:

• IMPI’s Criticism: Peter Obi’s economic analysis is simplistic and lacks substance.
• Economic Productivity: Influenced by human capital, technology, physical capital, natural resources, and entrepreneurship.
• Obi’s Proposal: Injecting money into productivity is not a viable solution to Nigeria’s economic challenges.
• Tinubu Administration’s Reforms: Data shows significant increase in trade volume and revenue generation in 2024.
• World Bank’s Assessment: The Tinubu administration’s economic reforms have resulted in modest growth, improved fiscal health, and rising foreign exchange reserves.