Presidential candidate of the Labour Party (LP) Peter Obi’s comments on the economy, and the nation’s debt profile, are a public display of ignorance of economic matters.

The Buhari Media Organisation (BMO) said in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke that Obi’s claim that all monies borrowed since 2015 were wasted shows his tendency to play to the gallery with claims that have no basis in fact.

The BMP argued that in one breath, the LP Presidential candidate said there was nothing wrong with borrowing and noted that more developed countries including U.S and Japan are owing 100 and 230% of their respective GDPs, yet in another breath, he sees a lot wrong with that of Nigeria which is owing less than 25 per cent of its GDP because according to him, the other countries have ‘something to fall back on’.

The BMO also said most of the loans taken by the Buhari administration are not only tied directly to infrastructural projects including those abandoned by previous administrations, they also do not involve transfer of funds to Nigerian entities and that the DMO website which Obi and his handlers did not even bother to check has a full list of ongoing road rehabilitation and construction works as well as rail projects and airport expansion being carried out with these loans.

They are urging the handlers to take a proper look at what is there, and when they do, they will find that what Obi described as nothing is what the agency termed as ‘projects that have the added benefits of job creation, not only by themselves, but through direct and indirect service providers, a number of which are Small and Medium Enterprises’.

The group urged Nigerians to continue to fact check Obi’s claims in order not to be misled by a smooth-talking average politician with no track record of performance in public office.