PRP Accuses Tinubu Of Destroying Nigeria’s Middle Class
The Peoples Redemption Party (PRP) has criticised President Bola Tinubu‘s economic policies, accusing his administration of dismantling Nigeria’s middle class.
Speaking at a press conference in Abuja on Friday, PRP Chairman Bello Falalu alleged that Tinubu’s government has impoverished Nigerians, worsened the economy, and failed to deliver good governance.
Falalu highlighted the decline in Nigeria’s Gross Domestic Product (GDP), which has dropped from $493 billion in 2015 to an estimated $362 billion in 2024, a 27% reduction.
He described this as a grim indicator of the country’s economic regression, leaving millions in poverty.
The PRP also condemned the mismanagement of revenues from the removal of petroleum subsidies, multiple exchange rates, and increased energy costs, noting that these funds have not translated into promised social amenities.
Instead, Falalu criticized wasteful spending, including the purchase of luxury SUVs for lawmakers and a new, larger presidential aircraft.
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“The misuse of statistics to deceive Nigerians, slight reductions in budget deficits, and a failure to address ostentatious consumption among leaders have left the public disillusioned,” he said.
Falalu further noted that the 38% interest rate charged by banks has stifled the growth of small and medium-sized enterprises (SMEs), a crucial sector for economic development.
To address these challenges, Falalu disclosed plans for a potential merger with the African Democratic Congress (ADC) to challenge the ruling All Progressives Congress (APC) in the 2027 general elections.
“The alliance has become necessary due to the leadership failures of the APC and President Tinubu,” he said.
ADC Chairman Nwosu supported the call for a merger, emphasizing the need for a value-driven political party that focuses on ideology and nation-building.
“We want to come together and leave behind political parties that will become legacies for the future,” Nwosu said, calling on opposition politicians to unite around a common vision for Nigeria’s future.
Both leaders expressed optimism that more political parties would join the movement in the coming months, with Nwosu adding, “Nigerians are tired.”
Titilope Adako is a talented and intrepid journalist, dedicated to shedding light on the untold stories of Osun State and Nigeria. Through incisive reporting, she tackles a broad spectrum of topics, from politics and social justice to culture and entertainment, with a commitment to accuracy, empathy, and inspiring positive change.
