Former Labour Party presidential candidate Peter Obi has challenged President Bola Tinubu to ensure that the country’s recently achieved revenue growth delivers visible improvements in citizens’ lives.

Reacting to Tinubu’s announcement that Nigeria hit its 2025 revenue target by August, Obi congratulated the president but stressed: “If indeed the economy stabilises as you declared, then Nigerians must feel it in their daily lives.”

He added that economic stability must be reflected in tangible outcomes: “Borrowings must stop now. Huge contractors’ bills, which are still owed, should be paid, and critical underfunded projects must now be funded.”

Obi lamented the dire state of public services, noting: “True economic stability is not in figures announced at press conferences, but in classrooms where children learn, in well-equipped labs, and in hospitals where citizens can receive quality care.”

He called on the government to channel the surplus revenue transparently into priority sectors—particularly education, healthcare, and poverty reduction—within the remaining four months of the year.

Obi emphasised the need for measurable results, warning: “Anything less will mean that revenue growth has not translated into national growth. Nigerians deserve to see the impacts of this touted revenue growth.”

He concluded with a statement of hope: “A new Nigeria is possible.”

Oil prices declined to around $66 per barrel as traders grew concerned about potential increases in OPEC+ production, which could exacerbate a supply surplus, according to price watchers and analysts.

Market sentiment was weighed down by expectations that the upcoming OPEC+ meeting, scheduled for Sunday, may result in additional output increases. This possibility comes amid a trend of rising inventories in the U.S., including a recent unanticipated build of 622,000 barrels—contrary to forecasts of a 2 million barrel draw .

Brent crude slipped to approximately $67.14 per barrel, and U.S. West Texas Intermediate (WTI) dropped to about $63.50, reflecting the mounting pressure on oil prices as the market braces for a shift toward oversupply .

A note from ANZ Research warned that any further increase in OPEC+ supply could deepen the already threatened surplus, especially during a demand-light season . HSBC analysts echoed the sentiment, suggesting that OPEC+ appears comfortable with oil prices trading in the $60–$65 per barrel range as part of a strategic move to reclaim market share.

President Bola Tinubu says the reforms implemented by his administration have restored Nigeria’s credibility abroad and curbed years of entrenched corruption.

Speaking on Tuesday at the State House while receiving the Soun of Ogbomosoland, Oba Ghandi Olaoye, and other traditional rulers, Tinubu said the country had regained global respect due to tough but necessary policy changes.

“Years of neglect, fake records, smuggling and other harmful practices denied Nigeria the revenue needed for development. The bleeding has stopped. The haemorrhage is gone. The patient is alive,” the president said.

Tinubu listed the removal of fuel subsidies and currency unification among reforms that he said were stabilising the economy and opening Nigeria to foreign investors. He added that the federal government would continue to focus on education, citing the Nigeria Education Loan Fund (NELFUND) as a tool to ensure no student drops out due to poverty.

The president insisted that the challenges facing the nation were not insurmountable, stressing that transparency and fiscal discipline would remain central to his government’s agenda.

Officials and foreign observers have in recent months echoed similar sentiments, with international rating agencies revising Nigeria’s outlook upwards and global institutions such as the World Bank commending the country’s policy direction.