close
Thursday, October 16, 2025

Obi, Obidient mob will ignore latest inflation decline: Bayo Onanuga

Mr Onanuga’s statement comes against the backdrop of a drop in inflation, according to NBS.

• October 16, 2025
Bayo Onanuga and Peter Obi
Bayo Onanuga and Peter Obi

Bayo Onanuga, spokesperson for President Bola Tinubu, has lashed out at Peter Obi, former Anambra governor and Labour Party presidential candidate in 2023, and his supporters for not acknowledging the recent drop in inflation.

Mr Onanuga, in a post on social media on Wednesday, called Mr Obi out for not acknowledging the National Bureau of Statistics’ latest report showing that inflation dropped to 18.02 from 20.12 in September.

“Inflation recorded its most significant crash in September, falling from 20.12% to 18.02%,” Mr Onanuga said, citing the NBS report.

He added, “Peter Obi and his Obidient mob will never acknowledge this positive development in the economy. Never!”

Yunusa Tanko, who doubles as spokesperson for Mr Obi and coordinator of Obidient Movement, a pro-Obi support group, dismissed the latest inflation report by NBS as a manipulated, reduced figure.

“We can not be deceived by fictitious statistics,” Mr Tanko said. “From an hyper inflation to a remarkably manipulated reduced figure is what you want us to be jubilant about.”

“How much was a bag of rice before they took over and what is the price?, he asked.

Mr Onanuga’s statement comes against the backdrop of the reported drop in inflation, according to the NBS. Since the rebasing of the economy, inflation has been on a downward trend from 33 per cent to 18.02.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Minister of State for Youth Development, Ayodele Olawande

NationWide

Minister advises youths against irregular migration

He urged young Nigerians to channel their energy into productive ventures within the country.

Abimbola Adebisi

Heading 5

Lagos police apprehend eight suspected cultists, armed robbers

She said the suspects were apprehended at about 5:30 a.m. on Monday.

Image used to illustrate the story

Economy

FCMB Group presents facts behind ₦160 billion public offer

FCMB launched a ₦160 billion public share offer to meet CBN’s new ₦500 billion capital requirement for international banks.

President Bola Tinubu

Heading 1

Group launches campaign to amplify Tinubu’s achievements, counter misinformation

She said the group would foster civic engagement by encouraging citizens to actively participate in governance and policy discourse.