Peter Obi Critiques Tinubu for Deterring Investors

Peter Obi, the presidential candidate of the Nigeria Democratic Congress, accused President Bola Tinubu of driving foreign direct investment away from Nigeria through ineffective and corrupt governance. In a statement titled ‘Scaring Investors While Celebrating Macroeconomic Stability,’ Obi criticized the Tinubu-led administration for celebrating macroeconomic stability despite warnings from the United States government regarding risks for investors.

The 2026 Nigeria Investment Climate Statement from the U.S. Department of State flagged issues such as corruption, insecurity, and regulatory inconsistencies as detrimental to investor confidence.

The report cautioned that U.S. businesses could face arbitrary detention and travel restrictions while operating in Nigeria. Obi emphasized that an effective government would have prompted an investigation into these serious allegations, but the All Progressives Congress-led government has failed to act.

He argued that the negative perception of Nigeria among key trading partners necessitates immediate intervention from the President.