Political economist and former presidential candidate, Prof. Pat Utomi, has criticised the ruling All Progressives Congress (APC), accusing the party of overseeing a steady decline in Nigeria’s economic fortunes and weakening the purchasing power of citizens.
In a post shared on his X account on Wednesday, Utomi argued that Nigeria is not merely experiencing economic stagnation but is instead moving backwards. He said the country's current condition reflects regression, with many Nigerians unable to afford goods and services that were once within reach.
To illustrate his point, Utomi compared vehicle ownership over a 10-year period. According to him, if an individual could afford a 2006 model car in 2016, that same person should reasonably be able to purchase a newer 2016 model by 2026 if economic conditions had improved. If the person could still only afford the older model, the situation would amount to stagnation. However, he said the inability to afford even the same 2006 model after a decade demonstrates economic decline.
“There is a difference between a country that has stopped moving forward and one that is actively moving backwards,” Utomi stated, adding that Nigeria under APC leadership represents the latter.
He maintained that citizens are losing the purchasing power they once enjoyed, while everyday necessities and modest comforts have increasingly become luxuries for many households.
Despite his criticism of the government, Utomi expressed optimism that the situation can be reversed. He urged Nigerians to use their votes in the 2027 elections to change the country's direction and hold leaders accountable.
The economist described the removal of leaders he considers incompetent or corrupt as a civic responsibility, stressing that political change remains possible through the democratic process.
“Bad leadership is not a life sentence. We have the power to change our country’s direction, and that power lies in our votes,” he said.
Utomi further called on citizens to stop supporting politicians whose actions, in his view, contribute to Nigeria’s economic and social challenges, insisting that meaningful national progress depends on responsible leadership and informed electoral choices.
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