Obi: Nigeria Worse Off Than During IBB’s Era

Labour Party’s 2023 presidential candidate, Peter Obi, has asserted that Nigeria’s situation has deteriorated compared to the late 1980s and early 1990s. He made this statement on Thursday after attending the launch of A Journey in Service, the autobiography of former military president Ibrahim Badamasi Babangida (IBB), who led Nigeria from 1985 to 1993.
Obi highlighted a key remark made during the event, referencing the keynote speaker’s quote in French: Rien n’a changé, meaning Nothing much has changed. He disagreed, arguing that Nigeria is actually in a worse state than it was during IBB’s tenure.
He further compared Nigeria’s development trajectory to that of its global contemporaries. According to him, when IBB left office in 1992, nations such as Bangladesh, India, Vietnam, and Ghana were in the same low Human Development Index (HDI) category as Nigeria. However, these countries have since progressed to medium and high HDI rankings, whereas Nigeria remains stagnant or has even regressed.
Obi acknowledged Babangida’s role in shaping Nigeria’s economy, particularly in advancing the financial sector. He credited the former leader with implementing policies that promoted national unity and economic growth.
“Under his administration, Nigeria witnessed notable economic expansion, particularly in banking and finance. He played a critical role in fostering economic inclusivity and strengthening the financial landscape,” Obi stated.
He emphasized the importance of documenting leadership experiences, noting that such efforts provide valuable insights for future generations. He expressed enthusiasm for reading the autobiography, believing it holds crucial lessons for national development.
“As someone committed to lifelong learning, I always align myself with historical records and documented experiences. Such resources are instrumental in shaping a better future,” he added.
Obi also praised Ghana for maintaining a stable democracy for three decades, with electoral processes that genuinely reflect the will of the people. He contrasted this with Nigeria’s system, where electoral outcomes often do not align with public sentiment.
“Ghana has upheld democratic principles for the past 30 years, ensuring leadership transitions based on the people’s votes. Unlike Nigeria, where election results frequently contradict public expectations, Ghana has seen ruling party candidates accept defeat in a show of true democracy,” he remarked.
Additionally, Obi commended IBB for acknowledging that the June 12, 1993, presidential election was won by Moshood Kashimawo Olawale (MKO) Abiola of the Social Democratic Party (SDP). He described this admission as a crucial step toward national reconciliation.
“One of the most significant moments of the event was IBB’s recognition that MKO Abiola won the June 12 election. This acknowledgment is vital for fostering unity, healing past wounds, and moving Nigeria forward,” he concluded.