Former Labour Party presidential candidate, Peter Obi, has questioned the declaration by the government of President Bola Tinubu that the country has achieved its 2025 revenue target in August.
Peter Obi, in a statement on Wednesday, submitted that achieving the revenue target as announced by the federal government is meaningless to Nigerians because the citizens have not felt its impact in their daily lives.
Naija News recalls that President Tinubu, on Tuesday, announced that the country’s revenue target for 2025 was achieved in August, following economic reforms focused on stimulating the non-oil sector.
He spoke at a meeting at the Presidential Villa with the founding members of the defunct Congress for Progressive Change and The Buhari Organisation, led by the former Governor of Nasarawa State, Umaru Tanko Al-Makura.
President Tinubu said that the economy was heading in the right direction.
However, Obi said that the country’s continuous government borrowings, unpaid contractor bills, and underfunded projects tell a different story about the state of the country’s revenue.
He said if, truly, the government has met its revenue target, it should reflect in the lives of the citizens, not just government-issued press releases.
“The President has announced that our nation’s revenue target for the year has now been achieved by August, which could mean a stabilising economy.
“Congratulations Mr. President. But Mr. President, if indeed the economy stabilises as you declared, then Nigerians must feel it in their daily lives. Borrowings must stop now. Huge Contractors’ bills, which are still owed should be paid, and critical underfunded projects must now be funded.
“Our educational facilities and hospitals are still in terrible condition. True economic stability is not in figures announced at press conferences, but in classrooms where children learn, in well-equipped labs and access to learning tools, in hospitals, where citizens can receive quality care, equipped with adequate facilities.
“For the next four months, every value of our excess revenue should be deliberately channelled into the critical areas of development: health, education, and pulling people out of poverty. This must be done transparently, with verifiable and measurable outcomes. Anything less will mean that revenue growth has not translated into national growth. Nigerians deserve to see the impacts of this touted revenue growth,” he said.
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