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Prince Adebayo Slams Nigeria's 20.7% Inflation, Calls for Action

9/20/2025

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Summary

Story summary

Prince Adewole Adebayo, leader of the SDP, criticized Nigeria's economic stability under President Bola Tinubu, highlighting a 20.7% inflation rate.
He called for a target inflation rate of 7% to aid economic recovery.
Adebayo stressed the importance of better infrastructure and job creation.
Experts recommended the swift appointment of ambassadors to improve foreign relations.
The government has secured over $10 billion in external loans, with only $5 billion disbursed, raising concerns about utilization.

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Story summary

Prince Adewole Adebayo, leader of the SDP, criticized Nigeria's economic stability under President Bola Tinubu, highlighting a 20.7% inflation rate.
He called for a target inflation rate of 7% to aid economic recovery.
Adebayo stressed the importance of better infrastructure and job creation.
Experts recommended the swift appointment of ambassadors to improve foreign relations.
The government has secured over $10 billion in external loans, with only $5 billion disbursed, raising concerns about utilization.