Cost of Living Has Become Unbearable — Atiku Abubakar Criticises Tinubu’s Economic Reforms

Former Vice President Atiku Abubakar has strongly criticised the economic policies of Bola Ahmed Tinubu, saying the current reforms introduced by the administration have worsened the hardship faced by Nigerians.

In a statement released on Friday by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku argued that the impact of the government’s policies is evident in the daily struggles of citizens across the country.

According to the former vice president, the rising cost of living has made life increasingly difficult for ordinary Nigerians.

He said many families are now forced to skip meals while businesses are struggling to survive due to the harsh economic environment.

“Across the country, families are skipping meals, businesses are shutting their doors, and hardworking citizens are watching their incomes evaporate under the weight of relentless inflation and a collapsing purchasing power,” Atiku said.

He added that what has been presented as economic reform has instead translated into growing hardship.

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“The cost of living has become unbearable, insecurity continues to stalk communities, and hope is steadily giving way to despair.”

Atiku also dismissed President Tinubu’s stance on privatisation, arguing that his comments on Nigeria’s reform history were inaccurate.

According to the statement, Atiku had long advocated for the privatisation of the Nigerian National Petroleum Corporation and the sale of refineries to credible private investors.

The statement accused the current administration of implementing a form of commercialisation of the national oil company without sufficient transparency.

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“This is not reform; it is privatisation without accountability,” the statement said.

Defending his role in Nigeria’s privatisation programme during previous administrations, Atiku highlighted several companies as examples of successful reforms.

These include Oando Plc, Conoil Plc, Ardova Plc, Indorama Eleme Petrochemicals, Benue Cement Company, and **Transcorp Hilton Abuja>.

According to him, these companies demonstrate how structured privatisation policies can revive struggling state-owned enterprises and unlock economic value.

Atiku also criticised the tone of President Tinubu’s remarks, saying they reflected a leadership style that relies on mockery rather than facts.

He argued that the current economic situation requires serious policy engagement rather than political rhetoric.

The statement concluded that no amount of political messaging can hide the difficulties Nigerians currently face as inflation rises and purchasing power continues to decline.

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The exchange highlights the growing political tension between opposition leaders and the current administration as debates over Nigeria’s economic reforms intensify.