Former presidential candidate Peter Obi has drawn attention to Nigeria’s borrowing and its potential impact on job creation.
DDM gathered that Obi noted the government has borrowed a total of ₦28 trillion, equivalent to approximately $90 billion.
He argued that if just 25 percent of this borrowed amount were directed toward supporting entrepreneurs, it could have generated up to 34 million jobs nationwide.
Obi emphasized that such a strategy would have lifted millions of Nigerians out of poverty, stimulating economic growth and community development.
He stressed that Nigeria requires smart, accountable, and engaging leadership that prioritizes the welfare of its citizens.
According to Obi, visionary governance can transform Nigeria into a prosperous nation, capable of addressing unemployment and socio-economic inequalities.
The former presidential aspirant highlighted that strategic investment in small and medium-sized enterprises (SMEs) could create sustainable livelihoods across urban and rural areas.
Obi noted that failure to channel borrowed funds effectively undermines economic opportunities and exacerbates social challenges.
He urged policymakers to adopt innovative approaches to public finance management, ensuring borrowed resources are used for maximum societal impact.
Obi also criticized instances where funds have been diverted to non-productive projects, calling for accountability and transparency at all levels of government.
He stressed that empowering entrepreneurs is not only a route to job creation but also a way to foster innovation and competitiveness within the Nigerian economy.
Obi’s comments come amid rising unemployment rates and growing concern over youth disenfranchisement and poverty in Nigeria.
He called on citizens and stakeholders to demand governance that prioritizes citizen welfare over political interests and personal gain.
According to Obi, a focus on human capital development, skills acquisition, and entrepreneurship can reshape Nigeria’s economic landscape.
He emphasized that visionary leadership must combine fiscal responsibility with policies that directly improve livelihoods.
Obi noted that targeted investment in sectors like agriculture, technology, and manufacturing could absorb large numbers of unemployed youths.
He further argued that proper utilization of borrowed funds could enhance social services, infrastructure, and overall quality of life for Nigerians.
Obi’s remarks underline the need for long-term planning and strategic allocation of national resources.
He maintained that a new Nigeria—prosperous, inclusive, and opportunity-driven—is achievable with determined and accountable governance.
The former candidate encouraged citizens to remain engaged, hold leaders accountable, and support initiatives that promote economic empowerment.
Obi concluded that prioritizing citizen welfare through entrepreneurship and job creation is not just a policy choice, but a moral imperative for Nigeria’s future.
Experts agree that redirecting even a fraction of government borrowing toward productive investment could have transformative effects on the nation’s economy.
Obi’s emphasis on job creation highlights a broader vision for sustainable development and inclusive economic growth in Nigeria.
He continues to advocate for governance that balances fiscal prudence with tangible benefits for ordinary Nigerians.
The call for smart leadership resonates amid public demand for accountability, transparency, and results-oriented government.
Obi’s analysis positions entrepreneurship and job creation as central pillars for national progress and poverty alleviation.
He stressed that with strategic planning and citizen-focused policies, Nigeria can achieve unprecedented socio-economic development.
His message underscores the importance of prioritizing people over politics to unlock the country’s full potential.
Obi’s vision for Nigeria combines economic empowerment, social inclusion, and sustainable development as key drivers for the nation’s prosperity.
