The All Progressives Congress (APC) has insisted that the Nigerian economy is rebounding significantly across all sectors.
The ruling party’s claim is in response to the Labour Party’s 2023 presidential candidate, Peter Obi, new year press conference on Thursday where he lamented the political, economic and security, healthcare situation in the country.
Obi said that the political, economic and security situation of Nigeria is worsening daily, despite government’s contrary positions and claims of improvement in different spheres of human endeavour.
“Our national challenges are visibly worsening. Our nation and its fortunes are in clear reverse. The indices are clearly indicative of our decline; thus our national indices tell a disconcerting story,” Obi said.
“Nigeria remains one of the poverty capitals of the world, with over 100 million people living in extreme poverty and more than 150 million in multidimensional poverty. The situation has deteriorated significantly over the past 18 months under the current administration.