The African Democratic Congress (ADC) has described the claim made by President Bola Tinubu on the revenue generated by the Nigerian government as one based on lies.
In a statement issued by Bolaji Abdullahi, the National Publicity Secretary of the party, the ADC accused Tinubu’s administration of deceiving Nigerians with false revenue claims.
Abdullahi while citing a N21.22 trillion shortfall between the 2025 budget projection and actual collections said Tinubu fed Nigerians with false claims.
”Nigerians will recall that when the 2025 budget was passed, it projected a total revenue of N41.81 trillion. Yet today, the Federal Government is celebrating the mobilization of N20.59 trillion, leaving a gaping shortfall of N21.22 trillion. Put in perspective, this would mean an average revenue of N3.48 trillion per month, totaling N27.87 trillion for the first eight months of the year. Is the government then claiming to have surpassed N27.87 trillion, or, even more incredulously, the full N41.81 trillion projection already? These figures simply do not add up.
”Even more troubling is the fact that not all the revenue in question flows to the Federal Government,” the coalition party said.
The ADC also condemned the recent move to implement the 5% tax on fuel
And 300% increase in the price of passport.
Describing the actions of the present administration as cruel, Abdullahi said the present government is focused on punishing struggling Nigerians.
”The Federal Government only receives 52.68% of statutory revenue, while its share of VAT is just 15%. So, even by the most optimistic assumptions, the numbers being paraded are unrealistic. When measured on a pro-rata basis for January to August or against the full-year target, the shortfall becomes even more glaring.
”This exposes the hollowness of the claims by government and also reveals these so-called revenue achievements for what they truly are, another act in the APC and President Tinubu’s propaganda performance,” Abdullahi added in the statement.