The National Chairman of the African Democratic Congress (ADC), Ralph Nwosu, has called on President Bola Tinubu to end political interference in Nigeria’s financial institutions, particularly the Central Bank of Nigeria (CBN), warning that such actions are undermining the economy and democracy.

Speaking during the presentation of the Certificate of Return to ADC’s Anambra governorship candidate, John Chuma Nwosu, on Monday in Abuja, Ralph Nwosu expressed concern over what he described as the politicization of monetary policy.

“Nigeria’s poverty level is at 75%, inflation is out of control, and insecurity is widespread,” he said. “But the worst is that the federal government is playing politics with the Central Bank and our monetary policies.”

Nwosu accused the government of manipulating economic data for political purposes, cautioning that this practice threatens investor confidence and democratic foundations.

“You cannot play politics with financial institutions the country will go down more. They manipulate figures for the purpose of local politics. You can play politics everywhere, but leave the Central Bank alone. Let the figures show for themselves,” he added.

Highlighting the federal government’s handling of domestic debt, Nwosu raised alarm over unpaid local contractors and a domestic debt burden exceeding one hundred trillion naira.

“All the local contractors in Nigeria have not been paid. Our local debts have amounted to more than a hundred trillion naira, and they are talking of clearing foreign debts,” he said.

Nwosu concluded by contrasting the current situation with the democratic ideals that President Tinubu championed in 1993.

“This is not the democracy President Tinubu stood for in 1993 before he was voted into power,” he stressed.