The Nigerian Presidency claims the economy is improving under President Tinubu, as stated by Special Adviser Bayo Onanuga. He responded to concerns from the Catholic Bishops’ Conference, pointing out significant strides in security and economic management, including enhanced local revenue and youth employment programs. Despite challenges, the administration remains focused on achieving a prosperous future for Nigeria.
On Monday, the Nigerian Presidency asserted that the nation’s economy is progressing positively under President Bola Tinubu. Bayo Onanuga, the President’s Special Adviser on Information and Strategy, responded to statements made during a plenary meeting of the Catholic Bishops’ Conference, highlighting their concerns about youth unemployment, insecurity, poverty, and corruption. He described their analysis as outdated and emphasized the government’s effort to improve conditions.
Onanuga acknowledged the Catholic Bishops for their consistent engagement in governance matters. He stated that while some challenges persist, Nigeria has made significant strides in various sectors since President Tinubu assumed office 22 months ago. He emphasized the nation’s improved security situation, attributing advancements to the military and President Tinubu’s leadership.
Notably, in the past two years, over 8,000 criminals have been removed from operation, with substantial rescues of over 10,000 individuals, predominantly women and children. Enhanced security has revitalized agriculture, particularly in the North-West and North-East regions, leading to increased food production and lower commodity prices.
Onanuga further reported that President Tinubu has stabilized the economy, improving the balance of trade and strengthening foreign reserves. Inflation rates have moderated, and local refining capacities have seen substantial growth, aided by facilities such as the Dangote Refinery.
The administration has launched educational programs aimed at fostering youth employment and creativity, targeting the creation of over 10 million jobs. The focus on mobilizing local revenue has enabled increased spending on infrastructure, including transport systems, healthcare, and security initiatives.
The projected budget of N54.9 trillion for 2025 aims to drive economic revival and sustainable growth. The administration has garnered praise from institutions like Chatham House for its economic reforms, celebrating Nigeria’s competitive economy as it has emerged in the past 25 years.
Although many citizens face ongoing hardships, government representatives remain committed to guiding Nigeria toward enhanced prosperity and stability. The administration expresses optimism regarding future developments and continued positive transformation within the country.
In conclusion, the Nigerian Presidency, through Special Adviser Bayo Onanuga, has expressed confidence in the positive direction of the country’s economy under President Tinubu. With significant improvements in security and economic stability, alongside proactive youth employment initiatives, the administration showcases an optimistic outlook for national progress despite ongoing challenges.
Original Source: www.premiumtimesng.com
