Nigeria’s Economy Progresses Under Tinubu’s Administration: Presidency

The Nigerian Presidency claims the economy is improving under President Tinubu. Special Adviser Bayo Onanuga addressed criticisms from the Catholic Bishops’ Conference, asserting significant progress in security and the economy. Initiatives targeting youth employment and a substantial infrastructure budget were highlighted, alongside international praise for the administration’s reforms.

The Nigerian Presidency has asserted that the economy is progressing positively under President Bola Tinubu’s leadership. Bayo Onanuga, the Special Adviser to the President for Information and Strategy, addressed the concerns raised by the Catholic Bishops’ Conference during their plenary meeting in Abuja, where they cited various national issues including unemployment and corruption.

Onanuga characterized the Bishops’ economic assessments as outdated, acknowledging their concerns while emphasizing that significant advances have been made in the country since Tinubu took office 22 months ago. He highlighted improvements in security, stating that over 8,000 criminals have been neutralized and more than 10,000 Nigerians rescued from kidnappers, leading to increased agricultural output in previously troubled regions.

The Presidential aide noted the stabilization of the economy, with enhanced balance of trade, stronger foreign reserves, and moderating inflation. Specialized programs have been introduced to foster youth employment and potential, intending to create over ten million new jobs. Furthermore, he mentioned an investment of N54.9 trillion in critical infrastructure as part of the 2025 budget aimed at revitalizing the economy.

Additionally, Onanuga pointed out that institutions like Chatham House have commended the Tinubu administration’s economic management, citing it as the most competitive in 25 years. While recognizing ongoing difficulties faced by citizens, the government remains committed to making sound decisions for a prosperous future. The administration expresses optimism regarding ongoing reforms and the potential for a stronger Nigeria.

In summary, the Nigerian Presidency, represented by Special Adviser Bayo Onanuga, maintains that under President Tinubu, the economy is on an upward trajectory. Significant improvements in security and economic stabilization have been reported, alongside targeted initiatives aimed at increasing youth employment. The government’s commitment to vital infrastructure development and reform has garnered international recognition, suggesting a persuasive optimism for Nigeria’s future.

Original Source: nannews.ng