₦airaland Forum

The 2023 Labour Party presidential candidate, Peter Obi, has attributed the exclusion of Nigeria from the list of Africa’s fastest-growing economies by the International Monetary Fund (IMF) to indiscipline and ineffective leadership.

In a statement on Thursday, Obi said the omission of Nigeria from the list should serve as a wake-up call for the country’s leaders.

DAILY POST recalls that on October 17, the IMF excluded Nigeria from the list of Africa’s fastest-growing economies.

The global financial body listed Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda as the fastest-growing economies on the continent in its Regional Economic Outlook report for sub-Saharan Africa, launched in Washington, D.C.

The former Anambra State governor said the countries ranked by the IMF were not wealthier than Nigeria in natural resources but had surpassed it through discipline, effective leadership, and consistent investment in their people.

He said the countries have prioritised education, healthcare, and poverty reduction while maintaining fiscal prudence and stability.

“Our economy continues to suffer from poor policy choices, corruption, and waste,” Obi lamented.

“The care of human life and happiness is the only legitimate object of good government." ( Jeffersonian Credo ).

“No nation ever grew more prosperous by taxing its citizens beyond their capacity to pay.” - former British Prime Minister Margaret Thatcher

DiamondsAreFore:
https://dailypost.ng/2025/10/23/why-imf-excluded-nigeria-from-africas-top-growth-list-peter-obi/

nairalanda1:
Well it's resource dependency and the fact that oil prices are too low for us to do 'largest economy '

Diversify, diversify, Nigerian leaders no hear. Past and present.

Gotocourt:
Diversify, diversify, Nigerian leaders no hear. Past and present.

Shey tax go Kee us next year

shortgun:
The suffering in Nigeria since Tinubu became president is alarming.

DiamondsAreFore:
https://dailypost.ng/2025/10/23/why-imf-excluded-nigeria-from-africas-top-growth-list-peter-obi/

nairalanda1:
Yes , you need to pay more tax, whoever is in charge. Because you can't have a good treasury when only 40% of the country is paying tax , tax to gdp is less than 18% and oil is our main revenue earner..which at 1.5 million bpd can feed about 2 million people.

You also need a diversified economy and an industrialized economy

Nothing is free in life ..if we follow your way, we will end up with more loans and more debt.

Note that I did not say we should not fight corruption. I also support no politicans.

Racoon:
Of course financial indiscipline and clueless ineffective leadership are worst combo that can never take a country through a good economic tragectory.

Meanwhile, the same IMF goaded the same failed govt with its many neck-constricting unfeasible economic policies. Imagine telling govt to remove subsidy on electricity fuel and increase taxation. God save Nigeria from the jackals feeding on it's dying carcass.