Dare Babalola
The 2023 presidential candidate of the Labour Party, Peter Obi, has sparked fresh debates with his comparison of the government of President Bola Tinubu and his Argentine colleague, Javier Gerardo Milei.
In a post made on his LinkedIn account on Monday, Obi insisted that the president does not need more than a term to kickstart the transformation of a country.
While he praised the Argentine president for his ability to change the fortune of his country from a collapsing nation to a developing one in just two years, he faulted Milei’ Nigerian counterpart, Tinubu over alleged mismanagement.
He maintained that Nigeria has been thrown into poverty and economic confusion by the present leaders of the country, who he described as incompetent leaders without compassion.
He wrote, “In our country today, hunger and poverty are not just distant statistics, they are the harsh reality that millions of our people face daily.
“Recently, the United Nations stated that about 34 million Nigerians will face acute food insecurity, and about 63% of our population, which is about 133 million people, now live in multidimensional poverty.
“Inflation even with the suppressed statistics is nearly 30%, while unemployment and economic mismanagement have nearly wiped out our once vibrant middle class.
“Families who once lived stable lives are now slipping into poverty.
“But this is not just ordinary, it is a result of incompetent leadership without capacity and compassion, who are not interested in putting the Nigerian people first in their actions.”
The former Anambra governor continued, “Other nations have faced similar challenges and turned their fortunes around through disciplined leadership, sound economic policies, and a total commitment from the leaders to invest in human development and pulling their people out of poverty.
“A recent example is what is happening in Argentina.
“In Argentina, over 52% of its population lived in poverty by early 2024 according to the World Bank, with millions of Argentines unable to meet basic needs. Inflation was above 200%, and economic confidence had collapsed. Yet, within two years, through decisive action to cut waste in governance and prioritize economic stability, the newly inaugurated president was able to cut down the poverty rate to 38.1% from 52% in just 2 years and extreme poverty fell to 8.2%, with inflation just around 2–3% monthly.
“As of 2025, the urban poverty had declined to 31.6%, lifting millions of people out of poverty. Investor confidence grew and the economy began to grow. The people now see real improvements in their daily lives.
“Both Argentina and the current Nigerian leadership assumed office in the same year, and this proves what I have always stated, that two years may not be enough to change a nation with a 100% turn around but it is more than enough to kickstart the transformation journey that will change the fortune of our dear country, with the people witnessing real and genuine change, but only if the leadership is honest, focused, and committed to the people.”
Obi reiterated that Nigeria could work, reduce hunger and restore the citizens’ dignity but he said the bottleneck to achieving this is corruption and criminality that have dominated the country’s governance.
“Our nation requires leaders who will put the people first, manage resources prudently, and stand firm in rejecting corrupt practices. Nigeria will work, but only if we, as leaders, commit to tackling corruption, cutting the cost of governance, and focusing on critical areas of development like education, healthcare, and lifting the people out of poverty, just as other nations have done with remarkable results,” the former presidential candidate added.
