Presidential candidate of the Labour Party in the 2023 election, Mr. Peter Obi, has stated that the alarming rate of hunger and poverty in Nigeria reflects a dire reality rather than mere statistics.
In a post on his X handle on Monday, the former Anambra State Governor emphasized that millions of Nigerians are enduring unprecedented levels of food insecurity and multidimensional poverty.
Obi said, “In our country today, hunger and poverty are not just distant statistics; they are the harsh reality that millions of our people face daily. Recently, the United Nations stated that about 34 million Nigerians will face acute food insecurity, and about 63% of our population, which is about 133 million people, now live in multidimensional poverty. Inflation, even with the suppressed statistics, is nearly 30%, while unemployment and economic mismanagement have nearly wiped out our once vibrant middle class. Families who once lived stable lives are now slipping into poverty.”
He attributed Nigeria’s economic crisis to incompetent leadership, stating, “But this is not just ordinary, it is as a result of incompetent leadership without capacity and compassion, who are not interested in putting the Nigerian people first in their actions.”
Comparing Nigeria’s situation with Argentina’s recent economic recovery, Obi noted, “Other nations have faced similar challenges and turned their fortunes around through disciplined leadership, sound economic policies, and a total commitment from the leaders to invest in human development and pulling their people out of poverty. A recent example is what is happening in Argentina. In Argentina, over 52% of its population lived in poverty by early 2024 according to the World Bank, with millions of Argentines unable to meet basic needs. Inflation was above 200%, and economic confidence had collapsed.”
Highlighting Argentina’s progress, he added, “Yet, within two years, through decisive action to cut waste in governance and prioritize economic stability, the newly inaugurated president was able to cut down the poverty rate to 38.1% from 52% in just 2 years and extreme poverty fell to 8.2%, with inflation just around 2–3% monthly. As at 2025, the urban poverty had declined to 31.6%, lifting millions of people out of poverty. Investor confidence grew and the economy began to grow. The people now see real improvements in their daily lives.”
Obi stressed that Nigeria could achieve similar transformation with the right leadership, saying, “Both Argentina and the current Nigerian leadership assumed office in the same year, and this proves what I have always stated, that two years may not be enough to change a nation with a 100% turn around but it is more than enough to kickstart the transformation journey that will change the fortune of our dear country, with the people witnessing real and genuine change, but only if the leadership is honest, focused, and committed to the people.”
He concluded with a call for accountable governance, stating, “Nigeria can work. We can reduce hunger and restore dignity to Nigerians. But this will not happen while corruption and criminality dominate our governance. Our nation requires leaders who will put the people first, manage resources prudently, and stand firm in rejecting corrupt practices. Nigeria will work, but only if we, as leaders, commit to tackling corruption, cutting the cost of governance, and focusing on critical areas of development like education, healthcare, and lifting the people out of poverty, just as other nations have done with remarkable results. A New Nigeria is POssible.”