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2023: The Economist Endorse LP Presidential Candidate, Mr Peter Obi

The presidential candidate of the Labour Party (LP), Peter Obi, has been recognized as the greatest choice for Nigeria by The Economist, a London-based daily.

In a recent piece headed ‘Nigeria sorely needs a new style of leadership,’ the newspaper branded Bola Tinubu, presidential candidate of the All Progressives Congress (APC), as “an old-school politician who, at 70 years old, is unlikely to change things up”.

It further claimed that the Peoples Democratic Party (PDP) nominee, Atiku Abubakar, is no better than Tinubu, claiming that the former vice-president has lofty plans for industrialization and a million more police officers but no strategy to fund them.

See What ‘The Economist’ Said About Peter Obi That Is Trending In Nigeria

According to The Economist, Peter Obi correctly identified the country’s flaws before Atiku and Tinubu.


The article read: “Obi, a sprightly 61-year-old former state governor who is leading in the polls, offers an alternative.

“Most striking, he has urged people not to vote along ethnic or religious lines but to favour competence.

“Should they do so, it would mark a radical shift in Nigerian politics. He has also warned his supporters they should expect no money in return for their votes.

“Obi talks of supporting business, freer trade, and getting a grip on Nigeria’s mounting debts. He diagnoses the country’s failings more precisely than his rivals, though he is not much better at explaining how he would fix them. His promises to scrap the staggeringly wasteful petrol subsidy and rationalise the central bank’s many exchange rates are echoed by his opponents.

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“Obi is not entirely a new broom. He was Abubakar’s vice-presidential running-mate in 2019 before switching parties. He has faced questions over undeclared offshore assets. (He says he earned the money in question before he took office as governor.) Even if he wins, his Labour Party is very unlikely to gain a majority in the national assembly, so governing will be hard.

“But he is the only candidate to offer Nigerians much hope of change. In a country that has been badly and repeatedly failed by its leaders, he is easily the best choice.”


The Economist said Nigeria, Africa’s most populous country, is in desperate need of hope, adding that the Labour Party candidate offers a measure of hope.

The paper said: “The economy, the continent’s biggest, bursts with youthful potential — half the country is 18 years old or younger.

“A flourishing Nigeria would boost the whole of Africa. Instead, it is dragging it down.


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“Nigerians are poorer now than they were in 2015, when the outgoing President, Muhammadu Buhari, took over.

“At least 60m (and rising) survive on less than the equivalent of $2.15 per day. Buhari’s protectionist policies have made things worse.


“In addition, the country is beset by violence.”


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