Nigeria is captive of an elite gang-for-hire political economy – Peter Obi

Labor Party (LP) presidential candidate Peter Obi on Monday alluded to the presence of a small group of nepotistic politicians who are holding Nigeria captive for their own interests.

Obi made the comment during his keynote address at Chatham House in London, saying the event was an opportunity to challenge Nigerians to new thinking.

He spoke on the topic “Nigeria Elections 2023: A Vision for Policy Change and Institutional Reforms.”

According to him, the country is facing “alarming” insecurity that has led to the loss of many lives and property, a significant decline in economic and food production, immense mental trauma and, in some cases, has contributed to discontent with the “Nigerian project”. .”

“The economy is in crisis with a worrisome debt profile made worse by oil theft of proportions that were once hard to imagine,” Obi said. “Two economic recessions in six years and a dismal energy sector have significantly limited production and social life.

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“The Nigerian state is held captive by an elite gang and a political economy for hire that concentrate power in the hands of those who came to power and influence primarily through their own gimmicks and influence, rather than the affirmation of the people and Therefore, they do not have the incentive to serve the people.

“Even after exploiting ethnic and religious divisions, sentiments to rise to political power, the very people whose sentiments seize power often become the main victims of such political fraud that has turned Nigeria into a failed state with a worsening leadership crisis.”

As a result, argued the former governor of Anambra State, Nigerian democracy has been in decline, which is evident in nationwide monitoring that reveals a trend of low voter turnout.

Source: Legit.ng