The ADC has raised fresh concerns over Nigeria’s rising cost of living, saying petrol prices reaching N1,470 per litre are driving up the cost of transportation, food, education and other basic needs. Bolaji Abdullahi, the party’s National Publicity Secretary, made the position known in a statement in which the opposition party criticised the economic policies […]

The ADC has raised fresh concerns over Nigeria’s rising cost of living, saying petrol prices reaching N1,470 per litre are driving up the cost of transportation, food, education and other basic needs.

Bolaji Abdullahi, the party’s National Publicity Secretary, made the position known in a statement in which the opposition party criticised the economic policies of President Bola Tinubu’s administration.

The ADC said the effect of expensive petrol was being felt across the economy, with higher transportation and production costs feeding into the prices of essential goods and services.

The party pointed to reported increases of between 30 and 40 per cent in fees charged by some private schools. It said the development was particularly difficult for families because workers’ incomes had not increased by a comparable margin.

However, the ADC said school proprietors were also facing economic challenges and should not be blamed for increasing fees. According to the party, rising taxes, electricity costs, fuel expenses, rent and salaries were putting pressure on private schools.

The opposition party claimed that the wider economic situation had left some households cutting down on meals, taking children out of school and postponing medical treatment. It also said businesses were struggling with the increasing cost of operating.

Abdullahi described the current petrol price as a “Tinubu Tax”, alleging that fuel costs had become a major factor behind rising expenses across different sectors.

The ADC also criticised the government over what it described as extravagant spending by public officials, arguing that ordinary Nigerians should not continue bearing the weight of economic reforms while public resources are allegedly used for expensive lifestyles.

It maintained that the success of economic reforms should not be measured only through government statistics but also by their effect on ordinary households. The party argued that policies that leave families struggling with basic needs require a rethink.

On the 2027 election, the ADC said voters would have different economic policy proposals to consider, including the programme being presented by Atiku Abubakar, its presidential candidate.

The party again highlighted Atiku’s proposal to reduce petrol prices by restoring subsidy measures and supporting domestic fuel production. It said lower fuel costs would have a positive effect on transportation, food prices and production expenses.

The ADC called on President Tinubu to respond to the economic concerns being raised, saying Nigerians’ ability to endure difficult conditions should not be mistaken for approval of the situation.