Labour, APC Clash Over Tinubu’s Two-Year Economic Record

The two-year mark of President Bola Tinubu’s administration has sparked a fierce exchange between Organised Labour and the ruling All Progressives Congress (APC) over the impact of his economic reforms. On Thursday, the Nigeria Labour Congress (NLC) issued a statement lambasting Tinubu’s policies, claiming they have inflicted “pain and suffering” on Nigerians rather than delivering the promised prosperity.

NLC President Joe Ajaero accused the government of recycling failed economic policies, citing the removal of petrol subsidies and exchange rate unification as drivers of inflation and poverty. “Far from renewing hope, his administration has recycled the same failed neoliberal experiments of the past,” Ajaero stated. He highlighted the skyrocketing cost of living, business closures, and increased hunger as evidence of the reforms’ negative impact.

President Tinubu, in his anniversary address, defended his administration’s approach, asserting, “Our economic reforms are working. We are on course to building a greater, more economically stable nation.” He acknowledged the hardships but insisted that the measures were necessary for sustainable growth.

The APC responded by defending Tinubu’s record, with National Vice Chairman Dr. Ijeoma Arodiogbu dismissing Labour’s critique as “sponsored” and lacking in depth. The party pointed to achievements such as a 3.38% GDP growth in late 2024, significant foreign investment inflows, and improvements in public finances as proof of progress.

Despite government efforts to cushion the effects of reforms through palliatives and infrastructure projects, Labour leaders nationwide reported that Nigerians continue to face severe hardship, insecurity, and wage inadequacies. Many called for a renewed focus on supporting local production and practical action rather than rhetoric.

As the administration enters its second half, the divide between Labour’s grim assessment and the APC’s optimism underscores the contentious debate over Nigeria’s economic trajectory and the true impact of Tinubu’s policies.