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Is Peter Obi Right About Nigeria’s Economy Being at Rock Bottom – Reno Omokri

Is Peter Obi Right About Nigeria’s Economy Being at Rock Bottom – Reno Omokri

Reno Omokri tackle Peter Obi said,Before President Tinubu assumed office on May 29, 2023, no single refinery in Nigeria worked, and Nigeria depended on imports for our refined petroleum needs.

How can you even believe Peter Obi when he says Nigeria is a bad country without opportunities for you when a Nigerian-based comedian, who is not even the highest paid of the lot, was able to have a spare $3.7 million to speculate on foreign exchange?.Tap Here To Read Full Details 

Think of this before you japa like Peter Obi advised. Where you are japa’ing to, are their comedians that successful? Can you name a British comedian who can lose $3.7 million and still be standing?

Are their artistes that loaded. Do they have a movie industry as thriving as Nollywood, where a two-week-old movie, like Everybody Loves Jenifa, has become the highest-grossing Nigerian movie ever after making N1.466 billion in just two weeks?

The truth is that Nigeria’s economy is getting better, but desperate opposition politicians, like Peter Obi, who want to be President at all and any costs are manipulating your reality into thinking Nigeria is finished.

Before President Tinubu assumed office on May 29, 2023, no single refinery in Nigeria worked, and Nigeria depended on imports for our refined petroleum needs.

But within eighteen months of President Tinubu’s leadership, Nigeria has three major refineries working, including the Dangote, Port Harcourt, and Warri Refineries. We are now a net exporter of Premium Motor Spirits, even as this is the first Yuletide season when Nigerians enjoyed fuel availability and price reduction.

Nigeria is now at the point where Vietnam was, where devaluation made exports more attractive and cost-effective, leading to the record ₦14.07 trillion trade surplus we achieved by half year 2024.

To give some perspective, Nigeria’s total non-oil exports in 2016 were $1.4 billion. In 2024, we are making that in just one quarter, even as foreign capital inflow into Nigeria surged by a record 67% in the last nine months of 2024.

No wonder our economy grew by 3.46% in the third quarter of 2025.

Enrolment in Nigerian tertiary institutions is up a whopping 9% because of the Tinubu administration’s Student Loan policy.

Please do not allow Peter Obi and other power-hungry desperadoes to convince you that Nigeria is sinking. If that were true, we would not have had the highest influx of foreigners and diaspora Nigerians to Nigeria for Detty December.

In 2025, focus on what cannot lie. Focus on the facts. We may not be where we need to be. But we are making progress. And to prove that, let me ask you one question: If Nigeria’s economy was so bad, where did Nigerians see ₦1.466 billion to watch Everybody Loves Jenifa in two weeks?

Broke and poor people in a distressed economy do not go to see movies in record numbers. That sort of box office record only happens in an economy where people have disposable income.

Source: Reno Omokri

Written by Leadnaija

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