₦airaland Forum

Responding To Peter Obi's Claims That President Tinubu Has Destroyed Nigeria's Economy

Peter Obi went on Arise TV to claim that President Tinubu has wrecked Nigeria's economy. He also repeated that allegation on multiple other forums in Nigeria and abroad.

My question to Mr Obi is this: If President Tinubu has destroyed the economy, how come a bank in which you have substantial shares (about 10%) and were its former Chairman of the Board, ******** **** PLC, made a record-breaking pre-tax profit of ₦385.2 billion for the financial year ending December 2024, representing a 210% increase compared to the ₦124.3 billion recorded in the financial year ending December 2023?

This bank made more than three times the profit it made last year. How come? According to Fitch, the world's number one rating agency, the health of an economy can be gauged by the health of its banking system.

And to those saying that ******** **** PLC made this money because of devaluation or inflation, the facts do not support your claim.

Between May 2024 and May 2025, the Naira appreciated. It has not depreciated. So, their profit did not increase because of the Naira's depreciation.

Please fact-check me: The Naira crashed to ₦1700 to $1 on Monday, February 19, 2025, with the breasted hermaphrodite on Arise TV mocking that we would soon see an exchange rate of ₦2000 to $1.

But after the National Security Adviser shut down Binance and arrested some of its employees, the Naira appreciated dramatically and has remained at about ₦1500 to $1 this year.

The only reason Peter Obi's bank could make more than three times the profit it made in 2024 and 2025 is Presidential Bola Tinubu's deft handling of our economy.

Peter Obi is deceiving you while the Tinubu economy is improving him. Because of President Tinubu, Peter Obi and his bank are wealthier.

The only reason ******** **** PLC tripled its profitability under President Tinubu is because of the President's economic policies, including:

Fuel subsidy removal
Floating of the Naira
Taking oil receipts from NNPC to the CBN for greater transparency
Reducing fuel imports by more than 50%
Removing impediments to exports, which has resulted in Nigeria achieving a record-breaking trade surplus of $14.31 billion in 2024

Engaging in the largest infrastructural projects in Nigeria's history, including the Lagos-Calabar Coastal Highway and the Illela-Sokoto-Badagry Expressway, both of which are expanding Nigeria's GDP by a collective 12%
Widening the tax base. The Federal Inland Revenue Service broke its previous records, collecting ₦21.66 trillion in 2024, a 111.6% increase.

As a result of these policies, Nigeria notched a 3.84% fourth-quarter GDP growth in 2024, which is our highest in three years. For the full year, we secured a 3.4% GDP Growth rate, up from the 2.7% growth rate inherited from the Buhari administration in 2023. The opposition says, 'Na GDP growth rate we go chop?' Yet, when GDP growth nosedived under Buhari, they complained.

Reno Omokri

https://x.com/renoomokri/status/1929864133408968994?s=48

Peter obi can't be president, he is just deceiving himself.

My question to Mr Obi is this: If President Tinubu has destroyed the economy, how come a bank in which you have substantial shares (about 10%) and were its former Chairman of the Board?


Omo this is thought provoking

This angle though I want to believe.

Can someone shut this talkative up?

Even if the satan himself is the president, everything set up by Peter "Midas" Obi will always thrive. Businesses, supermarkets, banks, breweries and presidency.

That man was born to win.

Nigeria misses him after what happened in the last election.

Agberos can't go any day without calling Obi's name

APC E-Rats and Tribal Biiigots Over to you guys, food don done

favouritecandy:
My question to Mr Obi is this: If President Tinubu has destroyed the economy, how come a bank in which you have substantial shares (about 10%) and were its former Chairman of the Board?


Omo this is thought provoking

Was Reno expecting the bank to fail?

And why did he single out only Fidelity Bank?

Are there not other banks, why didn't he ask why they haven't failed either?


This discussion is a very petty one from Reno, let Reno go to his hometown and count how many businesses that have closed down or still running since Tinubu came on board or is he not concerned about his own people? When would he talk about the plight of his own people, always on Igbo matter and Peter Obi

This guy is so obsessed with Peter OBI.

I wonder why he hasn't paused and asked himself why OBI has never replied him for once. This shows how inconsequential he is. Reno is a butterfly who thinks himself a Bird.

I don't understand!

The economy is bad but some sectors are still thriving.

If I am not wrong, I think the banking sector is winning the most. GTCO has gone haywire.

Nairaland is marketing this content creator here, every trash he says goes to FP for us to start arguing like Mumus here.
Can we start ignoring Reno Omokri here, he instigates tribalism and sectionalism in us

lightwind:
He is a member of nairaland forum. And he settles this moderators

This might just be the most spectacularly idiotic attempt at attacking Obi so far. Only a true dimwit or a hungry sycophant desperate for crumbs could miss the obvious; the economy is in shambles and everyone with a pulse feels it.

So when Reno opens his mouth to say Obi’s bank is thriving in spite of this disaster, he’s not criticizing Obi, rather he’s practically saying Obi is a competent economic manager who knows how to steer a ship through a storm.

Amazing how some people manage to humiliate themselves while trying to sound clever.

Blablablu trash 🗑️

PresidObi:
Even if the satan himself is the president, everything set up by Peter "Midas" Obi will always thrive. Businesses, supermarkets, banks, breweries and presidency.

That man was born to win.

Nigeria misses him after what happened in the last election.

word on marble.

Peter obi over Tinubu.

Common Sense is Not Common

obailala:
J

Exactly.

Reno need psychiatric evaluation...that man need help

How PO became a centre of attraction to this psychos is what I don't get walai.
You claim he lost and came third, yet you don't want to let him rest.

Reno omokri the Criticism media personality is here again.

Yy

I dey tell you

That shows how prudent he's always been. Many banks that were established same time as Fidelity had liquidated. They've never made noise yet, keeps achieving great. If fidelity wasn't well managed, would reno the parrot have said this? For me, that's a plus for Obi.

The same reno, before he became a sycophant of tinubu, whom he's abused so much, once said, Peter Obi would make a good president as he possessed the quality needed in a leader. What has changed is simple. Reno has a heavy corruption case with the efcc. So now that he's in the apc, his sin has been forgiven. I always pray for and believe in obi's presidency as he's the only one who can truly sanitize the already shattered Nigeria.

He may not be a saint, but he's the best amongst the rest, for now. I can't wait for obi to send the parrot to jail. Maybe by then, he'll switch and start calling tinubu a failure again to escape justice, just the way Bwala moved from praising buhari to tinubu whom he once abused openly. Na their way.

May Peter Obi never happen to Nigeria and Nigerians

Is that true? Why did he fail in the UK and the Next supermarket in the UK closed down if he supposedly has the minder's touch?

PresidObi:
Even if the satan himself is the president, everything set up by Peter "Midas" Obi will always thrive. Businesses, supermarkets, banks, breweries and presidency.

That man was born to win.

Nigeria misses him after what happened in the last election.

My prayer has always been to keep thriving even when Escobar is destroying Nigeria's economy 🙏

Nigeria is progressing so well, and those who are criticising Jagaban are the ones enjoying the results of the reforms and policies of this administration.