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KOKO Business · 17 Oct 2026

Nigeria’s Economic Growth Criticized as Poverty Rises Amidst Rising Inequality

KOKO Business | People, Ideas, Markets, Growth | Nigeria's Economic Growth Criticized as Poverty Rises Amidst Rising Inequality

Nigeria Democratic Congress presidential candidate Peter Obi criticized the nation's economic situation, stating that economic growth becomes meaningless when citizens grow poorer. He made this remark on X on Saturday, International Day for the Eradication of Poverty, highlighting rising poverty levels despite abundant human and natural resources.

Obi emphasized that millions of Nigerians struggle to afford food and healthcare despite government claims of economic progress. He argued that true progress should be measured by improved living conditions rather than economic growth figures alone.

Obi called for increased investment in education, healthcare, agriculture, and small businesses to address poverty. He stressed the need for these measures to ensure citizens benefit from the country’s resources and reduce inequality.