{"id":177689,"date":"2025-09-05T06:58:20","date_gmt":"2025-09-05T05:58:20","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims"},"modified":"2025-09-05T08:21:38","modified_gmt":"2025-09-05T07:21:38","slug":"its-all-lies-adc-picks-holes-on-tinubus-revenue-claims","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims","title":{"rendered":"It\u2019s all lies \u2013 ADC picks holes on Tinubu\u2019s revenue claims"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The African Democratic Congress, ADC, has faulted President Bola Tinubu\u2019s claims of record-breaking revenue growth, describing them as misleading and disconnected from the realities Nigerians face.<\/p>\n

In a statement issued on Thursday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the party said the government\u2019s narrative of achieving N20.59 trillion in revenue between January and August 2025 does not align with the N41.81 trillion projected in the 2025 budget.<\/p>\n

According to the ADC, the figures being celebrated by the Federal Government are \u201cunrealistic\u201d and \u201cpropaganda,\u201d since only 52.68% of statutory revenue and 15% of VAT accrue to the Federal Government.<\/p>\n

The party also criticised Tinubu\u2019s comments on the naira exchange rate, saying his claim that the dollar traded at N1,900 when he assumed office was \u201cpatently false.\u201d It said the official rate on May 29, 2023, was about N460.72, while the parallel market rate was between N700 and N800.<\/p>\n

On borrowing, the ADC accused the government of being dishonest, noting that the Debt Management Office recently raised N136.16 billion through bond auctions, while the National Assembly approved a $21 billion loan in July, pushing the national debt to $120 billion.<\/p>\n

The party further condemned the recently introduced 5% petrol tax and the 300% hike in the cost of obtaining a Nigerian passport, describing both measures as \u201ccruel and insensitive\u201d.<\/p>\n

\u201cThe Tinubu administration is taxing the very survival of the people, monetising hardship, and celebrating suffering as success,\u201d the statement read.<\/p>\n

The ADC maintained that instead of alleviating poverty, government policies have worsened the plight of Nigerians, leaving the country as the \u201cpoverty capital of the world\u201d.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The African Democratic Congress, ADC, has faulted President Bola Tinubu\u2019s claims of record-breaking revenue growth, describing them as misleading and disconnected from the realities Nigerians face. In a statement issued on Thursday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the party said the government\u2019s narrative of achieving N20.59 trillion in revenue […]<\/p>\n","protected":false},"author":84,"featured_media":177688,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[118,254,945],"class_list":["post-177689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-adc","tag-nigeria","tag-tinubu"],"yoast_head":"\nIt\u2019s all lies \u2013 ADC picks holes on Tinubu\u2019s revenue claims - Nigeria<\/title>\n<meta name=\"description\" content=\"The African Democratic Congress, ADC, has faulted President Bola Tinubu\u2019s claims of record-breaking revenue growth, desc ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s all lies \u2013 ADC picks holes on Tinubu\u2019s revenue claims\" \/>\n<meta property=\"og:description\" content=\"The African Democratic Congress, ADC, has faulted President Bola Tinubu\u2019s claims of record-breaking revenue growth, desc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-05T05:58:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-05T07:21:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/09\/sm_1757044467.324555.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"It\u2019s all lies \u2013 ADC picks holes on Tinubu\u2019s revenue claims\",\"datePublished\":\"2025-09-05T05:58:20+00:00\",\"dateModified\":\"2025-09-05T07:21:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims\"},\"wordCount\":283,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/09\/sm_1757044467.324555.jpg\",\"keywords\":[\"ADC\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/its-all-lies-adc-picks-holes-on-tinubus-revenue-claims\",\"name\":\"It\u2019s all lies \u2013 ADC picks holes on Tinubu\u2019s revenue claims - 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