The Peoples Democratic Party (PDP) has dismissed the Federal Government’s projection that inflation will soon fall to single digits, describing it as “bogus propaganda” designed to sway Nigerians ahead of the 2027 elections.
The backlash followed comments by Tope Fasua, Special Adviser to the President on Economic Matters, who told Channels Television that headline inflation had dipped from 21.88 percent in July to 20.12 percent in August 2025.
He cited a stronger naira, rising oil prices, and stable food costs as proof of improvement.
But Timothy Osadolor, PDP’s Deputy National Youth Leader, rubbished the claim during an interview with Vanguard in Abuja on Tuesday, September 16.
He argued that no serious plan was in place to tackle Nigeria’s economic challenges.
“When they make statements like this, to me, it is either to insult the sensibilities of Nigerians or to just tell Nigerians that this government has no intention to better their lives or make their lives comfortable in any way,” Osadolor said.
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He argued that no pathway to single-digit inflation exists without tackling poor electricity supply, unemployment, and currency instability.
“Common sense tells us that for an economy to grow, there must be production, there must be power to run industries, and there must be job creation,” he stated.
Osadolor criticised Nigeria’s struggling power sector, noting that Kainji Dam and other facilities had failed to sustain 5,000 megawatts, far below the 40,000 to 50,000 megawatts needed for an industrialised nation.
He also pointed to the volatility of the naira, which he said fluctuates between ₦1,005 and ₦1,600 to the dollar on the black market, as proof of economic mismanagement.
Accusing APC leaders of being detached from reality, he dared them to defend their claims before ordinary Nigerians in open town halls without heavy security.
He concluded that only steady power, job creation, and currency stability could deliver lasting economic progress.