The African Democratic Congress has strongly attacked President Bola Tinubu, describing the country as a graveyard of businesses after Uber’s sudden exit
The National Publicity Secretary of the African Democratic Congress, Bolaji Abdullahi, issued a blistering institutional rebuke in Abuja on Thursday, 3rd September 2026, accusing President Bola Ahmed Tinubu of transforming the country into a hostile graveyard of businesses.
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The prominent opposition party launched the aggressive public critique following the sudden, historic operational shutdown of global ride-hailing pioneer Uber Technologies Incorporated across the West African country.
This high-profile political condemnation exposes a massive, growing disconnect between the celebratory economic data published by federal administrators and the harsh existential realities confronting multinational corporations on the ground.
The scathing political assessment by opposition executives serves as a major milestone of resistance against the ongoing macroeconomic adjustments implemented by the current administration.
Party leaders strongly questioned the presidency’s praise of a marginal 0.2 percentage-point expansion in national gross domestic product, arguing that such minor fractional changes fail to alleviate the extreme economic hardship crushing regular households.
The official opposition brief claims that national poverty metrics have skyrocketed to affect roughly 63 percent of the demographic, leaving an estimated 140 million citizens facing diminished consumer purchasing power.
The unexpected collapse of Uber’s prominent 12-year presence in the territory on Wednesday, 2nd September 2026, became the central catalyst for this latest partisan battle.
While secondary highlights of the company’s regional history include its pioneering role in building the modern local gig economy from its initial 2014 Lagos launch, its sudden retreat left thousands of independent drivers stranded.
Political strategists directly blamed the drastic combination of fuel subsidy removal and aggressive currency devaluations for driving up commercial energy and operational maintenance overheads.
The extensive opposition manifesto also referenced a damning institutional report compiled by the Manufacturers Association of Nigeria, which indicated that 767 distinct manufacturing enterprises have completely folded up or downscaled operations recently.
The comprehensive casualty list features high-profile corporate brands including Microsoft, Jumia, Bolt Food, Pick n Pay, Shoprite, GlaxoSmithKline, Sanofi-Aventis, Bayer AG, Procter & Gamble, Unilever, and PZ Cussons.
According to critics, this catastrophic corporate flight acts as a clear, definitive vote of no confidence regarding the capacity of the current ruling team to stabilize volatile domestic markets.
Opposition coordinators warned that the rapid corporate exodus will trigger a catastrophic spiral of localized unemployment and deep inflation.
“Every business that shuts down or pulls out is a vote of no confidence in the Tinubu administration and its capacity to manage the economy,” Bolaji Abdullahi stated.
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The Federal Ministry of Information and National Orientation has yet to issue a counter-statement defending its long-term industrial stabilization roadmap.
