The 2023 Presidential candidate of the Labour Party, Peter Obi, has expressed the need for the government to build a better economy.
Obi who stated while speaking via post on X handle on Saturday, that building a productive economy that will ensure adequate production of goods and services, is inevitable at this critical moment of economic hardship in the country.
According to him, Nigerians are looking up to the government to keep up with their promises, by building a viable economy that will proffer solutions to the current economic hardship and insecurity in Nigeria.
The former Anambra State Governor however noted that outcries from the citizens over the rising cost of living in the country should gear the government up, to take visible actions that will ease the suffering of the people.
“We are at a time in our country where local businesses are closing down and foreign investors are losing faith in our economy due to not perceiving further growth in the economy and stability in the system.
“More people are being thrown into unemployment and poverty, with the unemployment rate soaring higher than ever before. Should we then be taking actions that will undermine the existence of the few remaining businesses we have and throw more people into unemployment?
“Nigerians are looking up to the government, in keeping with their many promises of building a better economy, to provide pragmatic solutions to the burning issues of galloping inflation, rising hunger, widespread poverty, and insecurity.
“The many outcries by citizens in different states over the rising cost of living should nudge the government into visible actions that will ameliorate the pains of the people. Closing down existing businesses over alleged offences, I believe, is not the solution to our economic challenges. In a productive economy with an abundant supply of goods and services, issues like hoarding of products and disparity in prices, as was being discussed, would have no place. This is because, through healthy competition, market forces would adjust prices accordingly. Instead of focusing on fixing prices, the government can focus on building a productive economy that will ensure adequate production of goods and services.
“I urge the government to take urgent actions to stem this rising tide of hunger in the nation and ensure sufficient production of goods and services.
“Moving the nation from consumption to production, which has remained my vision for the New Nigeria, is needed now more than ever. -PO,” he tweeted.
