By Omeiza Ajayi
Presidential candidate of the African Democratic Congress ADC, Atiku Abubakar, has said the collapse of 767 manufacturing companies and the distress facing 335 others expose President Bola Tinubu’s claims of economic prosperity as nothing more than propaganda.
In a statement on Monday by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said no government could credibly celebrate macroeconomic recovery while the productive base of the economy was grinding to a halt.
“A government cannot claim its economic policies are working when the country’s industrial sector is actively shutting down. Nations do not build prosperity by celebrating macroeconomic statistics while their factories close their gates,” the statement read.
The Presidency had insisted that the administration’s reforms are yielding positive results and rejected allegations of fiscal recklessness, excessive borrowing and mismanagement of public finances.
