ADC Critiques Tinubu's Economy After Uber's Exit

The African Democratic Congress (ADC) condemned the exit of Uber from Nigeria, alongside the shutdown of several multinational companies, as a sign of a lack of confidence in President Bola Ahmed Tinubu's economic policies. In a statement issued on Thursday, ADC National Publicity Secretary Mallam Bolaji Abdullahi described Nigeria as a "graveyard of businesses," citing the hostile business environment under the Tinubu administration.

The ADC pointed out the disconnect between the government's claims of a 0.2 percentage-point improvement in Gross Domestic Product (GDP) and the harsh realities faced by businesses and citizens, including rising poverty rates affecting approximately 140 million Nigerians. The party attributed Uber's departure after 12 years of operations to increased operational costs, particularly due to the removal of the petrol subsidy and naira devaluation, which they claimed led to fuel price increases of up to 1,700 percent.

The ADC urged the government to clarify how reported economic growth has benefited ordinary Nigerians.