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The 2023 Labour Party presidential candidate, Peter Obi, has attributed the exclusion of Nigeria from the list of Africa’s fastest-growing economies by the International Monetary Fund (IMF) to indiscipline and ineffective leadership.
In a statement on Thursday, Obi said the omission of Nigeria from the list should serve as a wake-up call for the country’s leaders.
The Eastern Updates recalls that on October 17, the IMF excluded Nigeria from the list of Africa’s fastest-growing economies.
The global financial body listed Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda as the fastest-growing economies on the continent in its Regional Economic Outlook report for sub-Saharan Africa, launched in Washington, D.C.
The former Anambra State governor said the countries ranked by the IMF were not wealthier than Nigeria in natural resources but had surpassed it through discipline, effective leadership, and consistent investment in their people.
He said the countries have prioritised education, healthcare, and poverty reduction while maintaining fiscal prudence and stability.
“Our economy continues to suffer from poor policy choices, corruption, and waste,” Obi lamented.
In other news, Femi Falana, a lawyer and Senior Advocate of Nigeria, has said that presidents and commanders-in-chief of the Federal Republic of Nigeria have no right over landed property.
Falana made this assertion on Wednesday when he appeared as a guest during an interview on Politics Today, a programme on Channels Television monitored by The Eastern Updates.
“Land Use Decree was inserted in the Constitution. Notwithstanding, the entrenchment of that law in the Constitution is a state matter.
“Apart from the Federal Capital Territory, FCT, no president has right over landed properties in any state of the federation.
“We also have had cases of physical planning. Under the military, approval of buildings and town planning generally was a federal matter,” Falana stated.
