Peter Obi, the Labour Party’s (LP) presidential candidate for 2023, has discussed what he thinks might occur in Nigeria in light of recent events in Bangladesh.
The LP’s nominee for president claimed that when in Bangladesh last week for the Investment Forum hosted by the government of Bangladesh and the Commonwealth Enterprise and Investment Council, he saw a significant improvement in the nation’s economy.
Obi claims that in 2009, when Bangladesh’s GDP was $102 billion, its GDP per person was $688, and its unemployment rate was between 10 and 12%, the country was struggling with poverty and bad infrastructure.
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14 years later, Bangladesh currently has a GDP of $460 billion, a per-capita GDP of $2700, and an unemployment rate of that is below 5%., he said.
The LP presidential candidate credited effective leadership for the positive progress and stated that Nigeria might see similarly rapid development under effective leadership.
In his words, “I travelled to Bangladesh last week to participate in the Investment Forum organized by the Bangladesh Government and Commonwealth Enterprise and Investment Council.
“As a Guest Speaker at one of the events, I spoke on “SME Formalisation and Internationalisation in the Commonwealth: Empowering Growth and Global Reach.” I visited Bangladesh in mid-2009, about 6 months after Prime Minister Sheikh Hasina assumed office.
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“At that time, the country’s Human Development Index was within the low category. Her GDP was $102 billion, with a GDP per capita of $688. Unemployment was around 10-12%. You could see and feel the poverty and poor infrastructure.
“When I returned last week, about 14 years after, their Human Development Index (HDI) was now on the high side of the Medium category and will soon be in the High category. Their GDP is $460 billion with a GDP per capita of $2700. The unemployment rate is now below 5%.
“Poverty has been greatly reduced and infrastructure greatly improved from what it was in 2009. They have a steady growth average of over 6% within the said period. Though still grappling with some challenges, the Leadership is determined and focused on a productive and progressive Bangladesh with clear and measurable goals for growth.
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“After the visit and interacting with Leaders, I remain convinced that with the right Leadership, a new Nigeria that will be productive, and progressive, devoid of tribalism, religious sentiments, and criminality, but will benefit all is POssible. – PO”
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