Nigeria: Uber Exit - ADC Blames Uber Exit On Tinubu's Economic Policies
The opposition party said 767 manufacturing companies and several global brands have shut down or scaled back as fuel and transport costs rise.
- On Thursday, The African Democratic Congress criticized President Bola Ahmed Tinubu's economic policies, describing Nigeria as a "graveyard of businesses" following Uber's reported exit and closures by major multinational corporations.
- ADC cited soaring operating costs as the primary driver, with fuel prices surging 1,700% following the removal of fuel subsidies and naira devaluation, creating an increasingly hostile business environment.
- A Manufacturers Association report documented 767 manufacturing companies, including 20 major global brands, ceasing operations in Nigeria, with GlaxoSmithKline ending manufacturing after 50 years of operations.
- While the Federal Government celebrates 0.2% GDP growth, the ADC argues this masks reality: national poverty has reached 63%, affecting an estimated 140 million Nigerians experiencing economic hardship.
- ADC Presidential Candidate Alhaji Atiku Abubakar proposed restoring a targeted fuel subsidy to lower production and transportation costs, aiming to stabilize the economy and reverse business departures.
11 Articles
11 Articles
Tinubu has turned Nigeria into graveyard of businesses - ADC
The African Democratic Congress (ADC), has accused President Bola Tinubu’s administration of turning Nigeria into a “graveyard of businesses,” following read more Tinubu has turned Nigeria into graveyard of businesses – ADC
Nigeria: Uber Exit - ADC Blames Uber Exit On Tinubu's Economic Policies
The African Democratic Congress (ADC) has described the exit of global ride-hailing brand Uber from Nigeria, alongside the shutdown or scaling down of operations by several major international companies, as further evidence that President Bola Ahmed Tinubu's economic policies are turning Nigeria into a "graveyard of businesses."
Tinubu turning Nigeria into 'graveyard of businesses' – ADC
The African Democratic Congress (ADC) has criticised President Bola Ahmed Tinubu’s economic policies, describing Nigeria as a “graveyard of businesses” following Uber’s reported exit from the country. The opposition party said the reported departure of the global ride-hailing company, alongside the shutdown or scaling down of operations by several multinational firms, was evidence of growing […] Tinubu turning Nigeria into ‘graveyard of business…
Uber: Nigeria now graveyard for businesses - ADC - THE AUTHORITY NEWS
By Myke Uzendu, Abuja the exit of the e-hailing company Uber alongside the shutdown of several multinational companies from Nigeria has been described by The African Democratic Congress (ADC) as a vote of no confidence in President Bola Ahmed Tinubu’s economic policies. The party said the development says that the country’s business...
Uber exit: Tinubu's Nigeria now graveyard of businesses, says ADC — National Accord Newspaper %
African Democratic Congress (ADC) has described the exit of global ride-hailing brand Uber from Nigeria, alongside the shutdown or scaling down of operations by several major international companies, as further evidence that President Bola Ahmed Tinubu’s economic policies are turning Nigeria into a “graveyard of businesses.” In a statement issued
Uber Exit: ADC Blames Uber Exit On Tinubu’s Economic Policies - NewsTmes.com.ng
The African Democratic Congress (ADC) has described the exit of global ride-hailing brand Uber from Nigeria, alongside the shutdown or scaling down of operations by several major international companies, as further evidence that President Bola Ahmed Tinubu’s economic policies are turning Nigeria into a “graveyard of businesses.” In a statement on Thursday, ADC National Publicity …
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