{
  "id": 333891,
  "title": "Tinubu’s economy pushing homes, cars beyond reach — Atiku",
  "url": "https://urgent.news/2026/08/09/tinubus-economy-pushing-homes-cars-beyond-reach-atiku-333891",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-09T02:16:53.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/tinubus-economy-pushing-homes-cars-beyond-reach-atiku/"
  },
  "original_language": "en",
  "account": "Former Vice President Atiku Abubakar has criticized the current government led by President Bola Tinubu for exacerbating the purchasing power of Nigerians, making it increasingly difficult for households to afford homes, cars, and basic household items. Atiku stated in a statement that the latest Central Bank of Nigeria Household Expectations Survey revealed a \"damning verdict\" on the government's economic policies, contradicting claims of economic recovery and prosperity. The survey indicated that the willingness to purchase motor vehicles, consumer durables, and buildings/landed property were at 28.7, 28.9, and 30.0 points respectively, while the willingness to buy vehicles was even lower at 18.7 points. Atiku emphasized that these figures, captured by the Central Bank under Tinubu's administration, represented the expectations and purchasing decisions of Nigerian households. He argued that the economic crisis had moved beyond rising food prices, impacting Nigerians' ability to accumulate assets and improve their standard of living. Atiku highlighted the high cost of preparing jollof rice, noting that the ingredients for a family of five would cost ₦29,578, which is over 40% of a minimum-wage worker's monthly income. He accused the government of placing too much emphasis on headline economic indicators while neglecting the declining purchasing power of households. Atiku warned that this could undermine businesses and economic growth, as weak consumer demand would eventually affect production, employment, and livelihoods. The government has defended its economic reforms, including the removal of the petrol subsidy and liberalization of the foreign exchange market, claiming these measures are necessary to stabilize the economy and attract investment.",
  "summary": "Atiku Abubakar, the presidential candidate of the African Democratic Congress, has criticized President Bola Tinubu's economic policies, stating that they have made it difficult for Nigerian households to afford basic assets. According to Atiku, the economic crisis has moved beyond rising prices of food and other necessities to affect Nigerians' ability to purchase homes, cars, and household appliances.\n\nThe Central Bank of Nigeria's Household Expectations Survey reported that buying conditions stood at 28.7 points for motor vehicles, 28.9 for consumer durables, and 30.0 for buildings and landed property. Willingness to purchase vehicles was even lower at 18.7 points, while willingness to buy buildings and landed property stood at 19.2 points, as per the CBN survey cited by Atiku.\n\nAtiku's comments were reported by several outlets, including Punch Nigeria, Daily Trust, and TheCable.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Tinubu’s economy pushing homes, cars beyond reach — Atiku",
        "url": "https://urgent.news/2026/08/09/tinubus-economy-pushing-homes-cars-beyond-reach-atiku",
        "published": "2026-08-09T02:08:53.000Z"
      },
      {
        "outlet": "Daily Trust",
        "title": "Killings: Tinubu’s scorecard soaked in blood – Atiku",
        "url": "https://urgent.news/2026/08/09/killings-tinubus-scorecard-soaked-in-blood-atiku",
        "published": "2026-08-09T13:54:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}