Peter Obi has warned that Nigeria’s economic and social conditions are deteriorating, citing rising public debt, worsening poverty levels and deepening national divisions.
Speaking at the convention of the Africa Democratic Congress (ADC) in Abuja, Obi said the country is “drifting” and risks further decline if urgent corrective measures are not taken.
“We need to work as a united Nigeria for the sake of Nigeria. The country is so divided, and unity is important,” he said.
Obi argued that key economic indicators have worsened despite major policy changes such as the removal of fuel subsidy. He said Nigeria’s total public debt has climbed from about ₦87 trillion under the previous administration to nearly ₦200 trillion.
He also pointed to rising poverty levels, which he said increased from about 41.6%—around 88 million people—to 63%, or roughly 140 million Nigerians.
On security, Obi said Nigeria’s global terrorism ranking has deteriorated, moving from eighth to fourth position, warning that the trend could worsen if not reversed.
He questioned the fiscal outcomes of recent reforms, noting that subsidy removal was intended to reduce borrowing and free up resources for development, but has not delivered the expected results.
“This government is owing contractors, and many projects have not been funded,” he said.
Obi warned that the country is heading toward a deeper crisis if current trends persist, urging collective action to prevent further deterioration.
“Anarchy consumes everybody. If we don’t act now, what is happening will take revenge on us and our children,” he said.
