Former Labour Party presidential candidate, Peter Obi, has faulted President Bola Ahmed Tinubu’s claim that Nigeria’s economy has stabilised under his administration, arguing that true stability must reflect in the daily lives of citizens.

President Tinubu, while receiving the Soun of Ogbomosoland, Oba Ghandi Afolabi Oladunni Olaoye, and other royal fathers at the Presidential Villa, had declared that his reforms had “stopped the bleeding” of the economy. He blamed years of “neglect, fake records, smuggling, and corruption” for past setbacks but insisted his policies had restored stability.

“With your prayers, patience, perseverance and great understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive,” Tinubu said.

In a statement, Obi congratulated the President on surpassing Nigeria’s revenue target but said the real test of stability was whether citizens could feel it in practical terms.

“If indeed the economy stabilises as you declared, then Nigerians must feel it in their daily lives. Borrowings must stop now. Huge contractors’ bills still owed should be paid, and critical underfunded projects must now be funded,” Obi said.

He stressed that genuine stability is measured by functional schools, well-equipped hospitals, and tangible progress in poverty reduction. Obi urged that all excess revenue for the rest of the year be transparently channelled into education, health, and welfare programmes, with measurable outcomes.

“Anything less will mean that revenue growth has not translated into national growth. Nigerians deserve to see the impacts of this touted revenue growth,” he added.