Peter Obi, the Presidential Candidate of the Labour Party, LP, has decried what he termed as the lowering of Nigeria’s credit rating by Moody’s Investors Service from B3 to junk bonds.
A statement by the former Anambra governor on Wednesday said the downgrade sends signals to the global community of the country’s current bleak economy.
Obi stressed that persistent fiscal rascality, institutional vulnerabilities, and social problems are issues everyone must address frontally and with seriousness.
“I don’t believe this is a time for blame games. Governments have done what they could but didn’t solve the problem.
It’s now time to bring in the right team with the competence, capacity, character, and compassion to reverse the trend and solve the problems with the urgency and determination it deserves,” he noted.