The ruling All Progressives Congress has rejected the African Democratic Congress’s allegation that Nigeria’s poverty rate has soared to 63 per cent, arguing that the claim ignores the structural reforms implemented by President Bola Tinubu to stabilise and diversify the economy.
In a statement on Saturday, APC National Publicity Secretary, Felix Morka, said the opposition had misrepresented findings from a recent policy report by Agora Policy, which highlighted the importance of economic reforms to correct long-standing distortions in the nation’s fiscal and monetary systems.
Morka defended key policy measures, including the removal of fuel subsidies and harmonisation of foreign exchange rates in May 2023, describing them as necessary steps to curb corruption, reduce revenue leakages, and address unsustainable practices that previously strained government finances.
He acknowledged that these reforms initially created hardships for some Nigerians but insisted they were crucial for long-term economic stability.
The APC also criticised the ADC for failing to present a clear alternative economic programme, saying the opposition preferred political attacks over practical solutions. “Criticism without workable policies will not convince Nigerians”, Morka said.
Citing recent macroeconomic indicators, the ruling party pointed to positive trends under the Tinubu administration. The economy grew by 4.4 per cent last year and is projected to expand by 5.5 per cent this year. Foreign reserves have exceeded $50 billion, the highest in nearly 20 years, while headline and food inflation are showing signs of moderation. Non-oil exports topped $6 billion in 2025, indicating early progress in diversifying Nigeria’s export base.
The APC further highlighted that increased revenue allocations are reaching states and local governments, enabling grassroots development projects and social programmes.
Social protection initiatives have also been introduced to cushion citizens from the short-term effects of economic reforms.
