By Luminous Jannamike

ABUJA — The African Democratic Congress, ADC, has described Uber’s exit from Nigeria as fresh evidence that the country is becoming a ‘graveyard of businesses’.

The party said the departure of the global ride-hailing company after 12 years was at odds with the Federal Government’s claim of economic progress, as businesses contend with rising operating costs while workers and households struggle with declining purchasing power.

In a statement by its National Publicity Secretary, Mallam Bolaji Abdullahi, on Thursday, the ADC also questioned the government’s celebration of a 0.2 percentage-point improvement in GDP, saying the figure had yet to translate into meaningful relief for Nigerians.

“Certainly, a 0.2% growth does not justify the extreme hardship that Nigerians are suffering,” the party said.