LAGOS, Nigeria – The presidential candidate for the African Democratic Congress, Atiku Abubakar, stated on Monday, August 3, 2026, that the collapse of 767 manufacturing companies contradicts economic prosperity claims made by Nigeria’s President, Bola Tinubu. “A government cannot claim its economic policies are working when the country’s industrial sector is actively shutting down. Nations do not build prosperity by celebrating macroeconomic statistics while their factories close their gates,” Abubakar said. They leave because the economic environment has become increasingly hostile to production, investment and enterprise,” he said. Abubakar said the physical state of the factories provides the actual verdict on the government’s performance.