We are subsidizing inefficiency – Peter Obi

The Vice presidential candidate of the Peoples Democratic Party (PDP) Peter Obi said fighting corruption is not an economic policy.

He said this during the Vice Presidential debate organized by the media.

He said, Nigerian stock market has lost over N2Trillion in one year. He decried the failure of the economy as the incumbent president is busy fighting anti corruption.

Mr Peter Obi said, “you can’t shut down your shop and be chasing criminals.” He thinks, criminals can be fought without shutting down the economy.

“In 2015 we generated $41bn in Foreign Direct Investment, but now, we attracted only $12bn last year. Even our stock market has lost over N2Trillion in one year. You can’t shut down your shop and be chasing criminals. #2019debate.” @PeterObi

“What we are subsidizing today is inefficiency. There is no way a country can have N400bn for health which translates to N5 per citizen, yet paying trillions for subsidy. #2019debates.” @PeterObi