ADC faults Tinubu govt over rising food inflation
The African Democratic Congress criticizes the Tinubu government’s handling of rising food inflation, stating official figures don’t reflect Nigerians’ rea Read More: https://punchng.com/adc-faults-tinubu-govt-over-rising-food-inflation/
The African Democratic Congress (ADC) has criticized the President Bola Tinubu-led government for running out of ideas to address the rising cost of food in Nigeria. The opposition party argues that while the government has claimed a moderation in headline inflation, food inflation continues to escalate, making essential goods unaffordable for the majority of Nigerians.
According to the ADC, the government has been overly focused on headline inflation figures, neglecting the more pressing issue of food prices. Headline inflation decreased from 15.91% in June to 15.43% in July, while food inflation increased from 17.52% to 20.31% year-on-year during the same period. The ADC further noted that food inflation rose from 3.75% in June to 5.56% in July on a month-on-month basis.
The opposition party urges the government to acknowledge its policies have failed to alleviate the economic hardship faced by citizens and to admit defeat instead of continuing to deceive the public with false promises.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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