Social Democratic Party (SDP) presidential candidate Adebayo Adewole has called on President Bola Tinubu to take responsibility for Nigeria’s worsening poverty and resign, arguing that the administration’s 90-day economic plan will not address the country’s underlying challenges. Adewole said the president had failed to present fresh ideas to tackle the rising cost of living, insisting […]
Social Democratic Party (SDP) presidential candidate Adebayo Adewole has called on President Bola Tinubu to take responsibility for Nigeria’s worsening poverty and resign, arguing that the administration’s 90-day economic plan will not address the country’s underlying challenges.
Adewole said the president had failed to present fresh ideas to tackle the rising cost of living, insisting that the proposed measures would not deliver meaningful economic relief.
He argued that Tinubu, who assumed office on May 29, 2023, should be held accountable for the country’s economic situation, regardless of whether the problems were inherited or developed under his administration.
Adewole also claimed that multidimensional poverty had worsened since Tinubu took office, urging the president to explain the problems his administration inherited, the steps taken to address them and the plans it intends to implement going forward.
He criticised the timing of the Federal Government’s 90-day action plan, which includes measures to improve food affordability, harmonise taxes, advance major projects and support households. According to him, the plan appears politically motivated because it was announced close to the next election.
Adewole maintained that structural economic challenges require sustained fiscal and monetary policies, as well as measures to improve supply and demand, rather than short-term interventions. He accused the All Progressives Congress (APC) of relying on palliatives, including food distribution, instead of developing lasting solutions to insecurity, poor infrastructure, unemployment and inadequate healthcare.
The SDP candidate said his party had proposed a one-year plan focused on increasing agricultural production, improving security, creating employment and reducing energy costs. He argued that these measures would help Nigerians retain more of their income and improve their living conditions.
On crude oil supply, Adewole said Nigeria should distinguish between crude allocated for export under the Organisation of the Petroleum Exporting Countries (OPEC) quota system and crude intended for domestic consumption.
He claimed that 445,000 barrels of crude traditionally designated for domestic use had not been properly accounted for. He also questioned the impact of forward contracts and production-sharing agreements on the availability of crude for local consumption, calling for greater accountability from the Nigerian National Petroleum Company Limited and government officials.
Adewole urged Nigerians to support the SDP in the next election, describing the party as an alternative to the APC and saying its manifesto, candidates and proposed policies offered a different approach to addressing the country’s economic and security challenges.
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