The African Democratic Congress (ADC) has criticised the President Bola Tinubu administration’s economic direction, warning that recent fiscal decisions have led to catastrophic consequences for Nigerians.

Naijaonpoint reports that the ADC National Publicity Secretary, Bolaji Abdullahi, in an interview on Arise Television on Monday, slammed Tinubu’s government over the influence of international financial institutions on Nigeria’s policy direction.

He further criticised the National Assembly for acting as a rubber stamp to Tinubu’s financial requests, noting that previous loans have shown little in terms of developmental outcomes.

He said, “Who exactly is deciding the direction of the Nigerian economy? Is it those elected by Nigerians or global organisations like the IMF, who have no electoral mandate here?” he asked, referencing recent IMF critiques of Nigeria’s currency policies.

Abdullahi also questioned the rationale behind the government’s simultaneous removal of fuel subsidies and devaluation of the naira, two decisions he said had worsened the cost of living crisis without adequate safety nets for Nigerians.

He added, “Whatever this government is doing, regardless of intentions, is not working. The combination of subsidy removal and naira devaluation has been catastrophic. The ADC’s fundamental question is: how does a policy affect the livelihood and quality of life of Nigerians?”