Lagos APC Slams Peter Obi Over ‘Borrowing Hypocrisy’, Says He Lacks Moral Authority
The Lagos State Chapter of the All Progressives Congress (APC) has berated Labour Party’s presidential candidate, Mr. Peter Obi, over his recent comments on what he described as the Federal Government’s “reckless borrowings.”
In a strongly worded statement issued on Thursday by its spokesperson, Mogaji (Hon.) Seye Oladejo, the party dismissed Obi’s remarks as “empty moralizing” and accused him of hypocrisy, incompetence, and contradictions in matters of finance and governance.
Oladejo said borrowing in itself was not reckless, stressing that under President Bola Ahmed Tinubu, borrowings are tied to critical infrastructure, energy, transportation, and other productive sectors — in line with global best practices.
“Peter Obi has no moral authority to lecture anyone about prudence. As governor of Anambra, he left behind unpaid pensions, collapsing infrastructure, and poor human capital indices. His so-called savings were idle bank balances that created no jobs or improved livelihoods. Ironically, he boasted of investing public funds in breweries, yet today he preaches prudence,” the statement read.
The APC also recalled Obi’s alleged offshore dealings exposed in the Pandora Papers, accusing him of double standards. It further criticized him for flying private jets during his presidential campaign while sermonizing about cutting costs.
“Unlike Obi’s motivational-speech politics, President Tinubu is taking bold, necessary steps to reset the economy. Subsidy removal, currency reforms, and targeted borrowing are tough but inevitable measures to secure Nigeria’s future. This is leadership in action, not empty soundbites,” Oladejo declared.
The statement urged Obi to “conserve his health and stick to populist rhetoric and campaign slogans,” insisting that on serious matters of finance and governance, he is “out of depth and out of place.”
Concluding with a proverbial jab, the APC said: “He who knows nothing of iron should not enter the blacksmith’s market. Tinubu is building Nigeria’s future, while Obi is busy building soundbites. Nigerians know the difference.”
