The Peoples Redemption Party (PRP) has criticised the economic policies of President Bola Tinubu, alleging that his administration has dismantled Nigeria’s middle class. PRP Chairman, Bello Falalu, speaking at a press conference in Abuja yesterday, accused the President of failing to deliver good governance, impoverishing the people, and worsening Nigeria’s economy. He hinted at a possible merger with the African Democratic Congress (ADC) to challenge the ruling All Progressives Congress (APC) in the 2027 general elections.
Falalu stated that the alliance has become necessary due to the leadership failures of the APC and President Tinubu. He lamented significant economic fluctuations, citing the Gross Domestic Product (GDP), which declined from $493 billion in 2015 to an estimated $362 billion in 2024. According to him, the 27% GDP decline reflects the grim reality of Nigeria’s economic retrogression over the past nine years, which has plunged millions into poverty and stagnation.
Falalu also criticised the mismanagement of substantial revenue from the removal of petroleum subsidies, multiple exchange rates, and increased energy costs, noting that these have failed to translate into promised social amenities. “Instead, we are left with mere claims of slight budget deficit reductions, misuse of statistics to deceive Nigerians, and the failure to address rampant wasteful spending and ostentatious consumption among our leaders, notable examples of which are the purchase .