Peter Obi’s claims on Nigeria’s debt chasing away Investors – Reno Omokri

Former presidential aide, Reno Omokri has accused Labour Partys 2023 presidential candidate, Peter Obi, of spreading false information about Nigerias debt profile, warning that such remarks are discouraging foreign investors.Speaking on Channels television program on Wednesday, July 9, Omokri argued that Obis statements were misleading and harmful to Nigerias economic image. According to him, some investors currently operating in the country are even considering pulling out due to Obis claims. He doesnt rile me up. I rile him up, Omokri said. Im here because Im a patriot. Peter Obi lied. Foreign investors watch these programs and make decisions based on what they hear. Some are deciding against coming to Nigeria or even planning to leave because of the lies he told. Omokri pointed specifically to Obis assertion that President Tinubu had borrowed more than the administrations of YarAdua, Jonathan, and Buhari combined, calling it a blatant lie. Citing data from the Debt Management Office (DMO), Omokri maintained that President Tinubu has actually reduced the countrys external debt since assuming office. In 2015, Nigeria owed $63 billion. By the time Buhari left, it was $113 billion. Today, according to the DMO, our debt stands at $97 billion. That means Tinubu has reduced it by over $14 billion, he said. Omokri criticized Obi for converting the debts into naira, arguing it was a tactic to exaggerate the figures and mislead Nigerians.  We should be appreciating Tinubu for this reduction, not spreading falsehoods, he added.  The post Peter Obis claims on Nigerias debt chasing away Investors – Reno Omokri appeared first on Linda Ikeji Blog.