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O’tega Criticised Peter Obi: Tinubu’s Policies Caused Less Pain Compared To Argentina’s Reforms

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O’tega Criticised Peter Obi

O’tega Criticised Peter Obi: Tinubu’s Policies Caused Less Pain Compared To Argentina’s Reforms

O’tega criticised Peter Obi: Tinubu’s policies caused less pain compared to Argentina’s reforms. O’tega Ogra, senior special assistant to the president on digital communications, engagement and strategy, has criticised Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 election, over his recent praise for Argentina’s economic reforms.
On August 11, Obi had said hunger and poverty in Nigeria are a result of incompetent leadership that lacked capacity and compassion.

Obi also said the harsh economic reality facing millions of Nigerians is not a distant statistic but a daily struggle for survival.

He also compared Nigeria’s poverty and inflation rate with that of Argentina,

The former Anambra governor described Argentina’s reforms, which included the removal of petrol and electricity subsidies, currency devaluation, and deep public sector cuts, as a model Nigeria should follow, citing a sharp drop in inflation and poverty rates within two years.

In his reaction on Tuesday, Ogra said Obi’s comparison between Argentina under President Javier Milei and Nigeria under President Bola Tinubu ignores the full economic context and reveals “a clear inconsistency” in his positions.

“Before Argentina’s President Javier Milei began his reforms, inflation was already at around 114.2% then rose to about 289% four months into his reforms with prices more than tripling in 12 months,” Ogra said.

“After Argentina removed subsidies on fuel and electricity, floated the currency, and slashed thousands of public sector jobs completely, inflation spiked even higher.

“When Milei took office in December 2023, inflation was already at 211.4 percent. It peaked at about 289 percent just four months into his reforms before easing to 39.4 percent by June 2025. Prices are still rising, only slower than before.”

He contrasted this with Nigeria’s inflation trajectory under Tinubu, which he said started at 22.41 percent in May 2023, peaked at 34.80 percent in December 2024, and is now down to 22.22 percent.

“Both Argentina and Nigeria are in disinflation phases. The difference is that Nigeria never faced the extreme volatility and human suffering Argentina did,” Ogra said.

He argued that Obi’s endorsement of Milei’s “pain first, stabilise later” reforms abroad, while opposing similar measures at home, shows a double standard.

O’tega Criticised Peter Obi

O’tega Criticised Peter Obi

“Nigeria under President Bola Ahmed Tinubu is on the same successful path, only with less pain, no extreme human cost like Argentina’s, and better numbers,” he said.
“It beats me how, according to him, the same medicine is ‘good leadership’ in Buenos Aires, but “incompetence” in Abuja.

“One question though: Why is Peter Gregory so inconsistent? He has continuously rallied against the removal of subsidies and other similar reforms here yet he is praising the even worse shock therapy in Argentina as a model that should been done. Either he doesn’t do his homework well, lacks the knowledge, or he is being disingenuous.”

Ogra, however, urged Nigerians to focus on sustaining reforms, cushioning the impact on citizens, and maintaining policy consistency, rather than “abandoning course for gradualist approaches that have failed in other economies”.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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