TINUBU PRACTISING ‘VOODOO ECONOMICS’, DEEPENING POVERTY AMONG NIGERIANS — KENNETH OKONKWO

August 24, 2026

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By: Muftau Fatimo

A chieftain of the African Democratic Congress (ADC), Kenneth Okonkwo, on Sunday accused President Bola Tinubu of worsening poverty in Nigeria by relying on what he described as dubious statistics.

Featuring on Channels Television’s Sunday Politics, Okonkwo accused Tinubu’s administration of practising voodoo economics.

He lamented the prices of food and transportation costs.

According to Okonkwo: “George Sylvester made it clear that when a nation’s growth rises on paper but the people sink in hunger, that is not progress, but polished poverty wearing the mask of statistics.

So what Tinubu is doing is afflicting Nigerians with poverty, and they are dubiously using statistics. You can see how food prices are rising, transport prices are rising, and everything is rising while inflation is going down.

The definition of inflation is when the prices of goods are rising, so if the prices of goods are rising and you are telling us that the inflation figure is going down, that is voodoo economics.”