By Omeiza Ajayi
ABUJA: Presidential Candidate of the African Democratic Congress ADC, Atiku Abubakar, has described the latest Central Bank of Nigeria CBN Household Expectations Survey as a damning verdict on President Bola Tinubu’s economic policies, saying an economy in which citizens are abandoning plans to buy homes, cars and basic household assets cannot credibly be advertised as one on the path to prosperity.
In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, on Friday in Abuja, Atiku said the CBN’s own numbers have stripped the government’s economic propaganda of whatever credibility it had left.
According to the survey, buying conditions stood at just 28.7 points for motor vehicles, 28.9 for consumer durables and 30.0 for buildings and landed property. Even more disturbing, willingness to purchase vehicles fell to 18.7 points, while buildings and landed property stood at only 19.2 points.
“These are not figures manufactured by the opposition. They are the verdict of Nigerian households captured by the Central Bank under President Tinubu’s own government,” Atiku said, adding that the figures show Nigerians are being priced out of decent living, with a home “becoming a fantasy” and a car “becoming a luxury.”
