The African Democratic Congress (ADC) has slammed President Bola Tinubu’s administration for celebrating Nigeria’s newly rebased Gross Domestic Product (GDP), calling it nothing but “economic cosmetics.”
In a statement released on Monday, July 22, 2025, the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, said the fanfare over the rebased GDP is misleading and out of touch with the reality Nigerians face every day.
“Let’s be clear — you can’t rebase hunger,” Abdullahi said. “Nigerians cannot eat GDP.”
He described the celebration as a public relations trick that paints a false picture of progress, while the country continues to battle with food inflation, poverty, poor infrastructure, and declining purchasing power.
According to the ADC, while government officials are praising the new GDP figure of ₦373 trillion, it means little to the average citizen. The figure is a result of the naira’s devaluation, not real economic progress, the party argued.
“GDP per person has crashed from $3,223 in 2014 to barely $1,000 today. The economy is shrinking, not growing. Nigerians are poorer, not richer,” the statement added.
The ADC also accused the APC-led government of failing to improve critical sectors like agriculture, manufacturing, and power supply, calling the rebased GDP “a distraction from the real issues.”
The party warned that using such statistics to justify more borrowing or to claim success is dangerous, especially when most Nigerians can’t feel the benefits in their homes or wallets.
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“They want us to believe these numbers mean progress, but ordinary Nigerians know better. What people need is food, jobs, power, and security — not fancy figures,” Abdullahi said.
The ADC ended its statement with a sharp reminder: “No amount of statistical makeover can cover up failure. If you must celebrate something, let it be real change, not dressed-up data.
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