The African Democratic Congress (ADC) has declared the economic policies of President Bola Ahmed Tinubu a failure, citing a sharp rise in the national poverty rate which now stands at 63 per cent.
In a statement issued on Saturday, the party’s National Publicity Secretary, Bolaji Abdullahi, argued that the new figures represent a damning verdict on the administration’s ability to protect ordinary citizens.
The party noted that poverty levels have surged from approximately 50 per cent prior to the removal of the petrol subsidy to the current 63 per cent, a shift they attributed to the soaring costs of food, transportation, and basic services.
The ADC questioned the transparency of the government’s fiscal strategy, specifically regarding the savings generated from the subsidy removal. While the administration originally promised that these funds would be redirected into critical sectors like healthcare and education, the party maintained that millions of Nigerians have seen no tangible benefits three years into the policy.
Instead, the statement highlighted a decline in purchasing power and an increase in household hardship. According to the party, recent surveys indicate widespread public dissatisfaction, with many families struggling to meet their most basic daily needs.
ADC asserted that the primary measure of any economic policy is its impact on the most vulnerable members of society, a standard they claim the current government has failed to meet.
The statement concluded by urging the federal government to move beyond policy dialogues and implement urgent measures to stabilize the cost of living, warning that the current trajectory is pushing more Nigerians into extreme deprivation.
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