Peter Obi’s Ally, Joe Ajaero, Does Not Have His Facts Right When He Says Nigerians Have Experienced No Gains Under President Tinubu
Earlier today, Mr. Joe Ajaero, President of the Nigerian Labour Congress, and an ally of Mr. Peter Obi, who campaigned with the Labour Party presidential candidate during the #NigerianElections2023, said that Nigerians have gained nothing from President Tinubu’s two years in office.
First of all, Mr. Ajaero is from Imo State, and even his own Governor, Mr. Hope Uzodinma, disagrees with him. I was with Governor Uzodinma during the commissioning of the Lagos-Calabar Coastal Highway last Saturday, and he said his state would not have enjoyed the progress it has made without President Tinubu.
But, how can Ajaero say there’s nothing to celebrate about President Tinubu’s two years in office? Or is he just an enemy of progress? An Agbotikuyo, like Peter Obi?
Does Ajaero mean he cannot celebrate that:
* Our national debt has reduced from $108.2 billion on May 29, 2023, to $94.2 billion today. In Nigeria’s history, only two civilian governments have been able to reduce the nation’s indebtedness: the Obasanjo administration and now the Tinubu government.
* Due to the removal of fuel subsidies, each state now gets more than double the federal allocation it received under Buhari. As a result, Nigerian states’ indebtedness has reduced, with 33 out of 36 states and the FCT collectively repaying about ₦1.85 trillion in domestic debt between June 2023 and December 2024.
* Due to the floating of the naira, our foreign reserve hit a year-to-date high of $40.877 billion. That is up from the $3.7 billion inherited from General Buhari.
* ASUU has not even dreamt of striking under Tinubu? This is the first time since President Shagari’s era that Nigeria has had two years without an ASUU strike.
* Six hundred thousand students are benefiting from the Tinubu administration’s student loan initiative. These are young Nigerians who may not have had a university education but for Tinubu.
* On July 29, 2024, President Tinubu signed the New Minimum Wage Bill into law and now Nigerian workers earn a ₦70,000 minimum wage, more than double the previous minimum wage.
* Nigeria achieved a record-breaking trade surplus of $14.31 billion in 2024 because, under Tinubu, unlike in the past, we now export more than we import due to the Naira flotation, making made-in-Nigeria more affordable than imports.
* The Tinubu administration is building the largest infrastructural projects in Nigeria’s history, including the Lagos Calabar Coastal Highway, starting from Calabar and Lagos simultaneously. This will reduce travel times between the Southwest and South-South by 25-30% and increase our GDP by 6-8%. Also, the Ilela-Sokoto-Badagry Expressway is ongoing, and the Enugu-Onitsha Expressway is being reconstructed. Under Tinubu, Nigeria is a beehive of projects.
* The Nigerian Stock Exchange achieved its highest record of crossing the 100,000 All Share Index in January of 2024, thus briefly overtaking Argentina as the world’s most profitable market. It later hit another all-time high of 109850.83 ASI in February of 2025. African Markets named our stock market the third most profitable in Africa for 2024. This is a remarkable feat, considering that this same market was in the doldrums in the previous administration. Only Rivers, Niger, and Enugu states increased their debt profile.
* On Friday, March 4, 2025, at exactly 21:15, Nigeria broke its power generation record with a peak generation of 5,801.84MW and maximum daily energy output of 128,370.75 megawatt-hours (MWh). It is the highest ever attained in Nigeria’s electricity industry history.
* When Was the Last Time You Heard of Passport Scarcity? You haven’t heard about that malaise because the Tinubu government ended passport scarcity and has since reduced the waiting time for passport application, renewal, and collection to less than two weeks through the new online passport portal.
* Nigeria notched a 3.84% fourth-quarter GDP growth in 2024, our highest in three years. For the full year, we secured a 3.4% GDP Growth rate, up from the 2.7% growth rate inherited from the Buhari administration in 2023. The opposition says, ‘Na GDP growth rate we go chop?’ Yet, when GDP growth nosedived under Buhari, they complained.
* On Friday, April 11, 2025, Fitch Ratings upgraded Nigeria’s economy to a Stable B. To understand the significance of this, please note that Fitch is the world’s top rating agency, and they downgraded the United States’ economy. Then again, last week, on another Friday, May 30, 2025, Moody’s, the world’s second-largest rating agency after Fitch, upgraded Nigeria’s economy to B3 from Caa1, citing significant improvements in our economy, arising from President Tinubu’s reforms.
The fact that Ajaero campaigned for and with Peter Obi proves that he is biased and has deliberately closed his eyes to the above. I urge Nigerians to disregard his lamentations, as they did that of Peter Obi’s breasted hermaphrodite at Arise TV.
Reno Omokri
Gospeller. Deep Thinker. #TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022. 21st Most Talked About Person in Africa, 2024.