Presidential candidate of the Nigeria Democratic Congress (NDC), Mr. Peter Obi, has criticized the Federal High Court judgment ordering the deregistration of some political parties, warning that actions perceived to undermine the independence of key national institutions could erode public trust in Nigeria’s democracy.
In a statement issued by his media office, Obi stressed that strong nations are built on institutions that operate independently and enjoy the confidence of the people, urging stakeholders to protect the integrity of democratic structures from political interference.
According to him, the court’s decision could further weaken public confidence in the judiciary and the rule of law, which he described as critical pillars of democratic governance and economic development.
Obi argued that the strength of any economy is closely linked to the credibility of its institutions, particularly the judiciary, which serves as a source of assurance for both local and foreign investors.
He recalled concerns he raised during the controversy surrounding the removal of former Chief Justice of Nigeria, Justice Walter Onnoghen, noting that actions affecting the perceived independence of institutions often have consequences that extend beyond immediate political interests.
The former Anambra State governor maintained that investors are generally capable of navigating challenges such as security concerns, policy uncertainties and market fluctuations, but become reluctant to commit resources where confidence in the rule of law is weakened.
“Strong economies are built on trust. Investors can manage security risks, policy risks and even market risks. What they fear most is uncertainty in the rule of law and a judiciary that is perceived to be vulnerable to political pressure,” Obi said.
He emphasized that preserving the independence of democratic institutions is essential not only for political stability but also for economic growth, national development and the attraction of investment.
Obi’s comments come amid growing reactions from opposition figures and political stakeholders over the court ruling, with concerns being raised about its potential implications for political pluralism and democratic participation ahead of future elections.