Atiku criticises government’s economic recovery claims
Atiku Abubakar has challenged the government’s assertions of economic progress, arguing that the reality for many Nigerians is worsening. In a statement by his aide, Phrank Shaibu, he said official statistics do not reflect the struggles faced by citizens and businesses. Atiku Abubakar pointed to factory closures, unsold goods, and rising living costs as evidence that the economy is deteriorating. He questioned the benefits of recent government reforms and called for greater transparency on their impact.
Key takeaways
- Atiku Abubakar claims the government is using “propaganda” and misleading statistics to portray economic recovery.
- He cited the closure of 767 manufacturing companies and distress among 335 others, referencing data from the Manufacturers Association of Nigeria.
- Manufacturers reportedly hold about ₦2.14tn in unsold goods and have spent around ₦1.1tn on diesel due to unreliable electricity.
- Atiku Abubakar criticised the administration’s borrowing, questioning why it remains high despite claimed revenue improvements.
- He argued that improvements in GDP and debt ratios do not translate to better living conditions for ordinary Nigerians.
