The African Democratic Congress (ADC) has accused President Bola Ahmed Tinubu’s administration of creating an increasingly difficult environment for businesses operating in Nigeria.
The opposition party described the country as becoming a “graveyard of businesses,” citing rising operating costs, economic pressures and what it considers unfavourable government policies.
The ADC argued that businesses across different sectors are struggling to remain viable as the cost of energy, transportation, raw materials and other essential inputs continues to increase.
The party also expressed concern over the impact of economic policies on small and medium-sized enterprises, warning that continued pressure on businesses could lead to more closures and job losses.
According to the ADC, the Federal Government needs to review its economic policies and introduce measures that will support businesses, encourage investment and make it easier for companies to operate sustainably.
The opposition party maintained that economic growth cannot be achieved when businesses are shutting down or reducing their operations because of rising costs and an unfavourable business environment.
It called on the Tinubu administration to prioritise policies that would reduce production costs, improve access to affordable financing and address challenges affecting infrastructure and electricity supply.
The ADC further urged the government to engage more closely with the private sector and listen to concerns raised by business owners and industry stakeholders.
The party said urgent action was needed to prevent further business closures and protect employment opportunities as Nigerians continue to face economic difficulties.
The criticism comes amid ongoing debate over the impact of the Federal Government’s economic reforms, with the administration maintaining that its policies are necessary to stabilise the economy and establish the foundation for long-term growth.
