Nigeria’s Minister of Budget and Economic Planning, Senator Atiku Bagudu, emphasized that President Bola Tinubu’s economic reforms are setting the stage for long-term recovery and growth. Despite current challenges, both Bagudu and Aminu Suleiman from the North West Development Commission express optimism for the nation’s economic future, highlighting increased funding and investor confidence as positive signs. They urge patience from the public as these foundational changes begin to bear fruit.
Senator Atiku Bagudu, Nigeria’s Minister of Budget and Economic Planning, recently spoke on the country’s economic outlook, underscoring President Bola Tinubu’s significant reforms during his short time in office. Despite ongoing economic challenges, Bagudu believes these changes are paving the way for recovery and sustainable growth. During a visit to Tinubu’s residence in Lagos with member of the North West Development Commission, Aminu Suleiman, both officials expressed optimism regarding Nigeria’s economic trajectory.
Bagudu pointed out specific reforms, particularly the government’s decision to eliminate subsidies on fuel, foreign exchange, and electricity. He argued that these actions have liberated crucial resources, suggesting, “Decades of underinvestment brought Nigeria to a point where even paying salaries was difficult. By cutting these subsidies, we freed up resources. Today, subnational governments, states and local governments have nearly tripled the funds they had before. That’s transformative.” He noted that funds allocated are being directed towards vital areas like infrastructure, agriculture, and digital innovation.
The minister also highlighted that the reforms have begun to instill confidence among investors. “One of the greatest differentiators between developed and developing countries is the level of investment. We are now correcting years of neglect. That is a Herculean task and that is central to reforms,” Bagudu remarked. He mentioned that private capital is returning as investors recognize the government’s commitment to making necessary changes.
Reflecting on the recent trend of politicians from opposition parties joining the All Progressives Congress (APC), including governors from Delta and Akwa Ibom states, Bagudu articulated this shift as a sign of faith in Tinubu’s leadership. He stated, “They’ve stated publicly why they joined, because of the sincerity and direction of this leadership. That’s not politics. That’s belief in a future that is being built with courage and vision.”
As Nigerians prepare to celebrate Eid and mark the second anniversary of Tinubu’s administration, Bagudu reiterated that the reforms are yielding positive results amid the nation’s struggles. Meanwhile, Suleiman expressed faith in Tinubu’s leadership, claiming it is producing better outcomes than the previous administration.
Suleiman, addressing journalists after a Sallah homage to Tinubu, emphasized the inclusion of the North West in developmental efforts, particularly through the formation of the North West Development Commission. “It’s a very good development for the North West to be included, and I know, Insha Allah, we will ensure everything goes well,” he stated.
Encouraging Nigerians to trust in Tinubu’s leadership, Suleiman said, “Let us be patient. The foundation being laid is solid. With time, we will all see the results.” He pointed to Tinubu’s track record in Lagos related to infrastructure and governance as a basis for optimism regarding similar national progress.
In conclusion, both Senator Atiku Bagudu and Aminu Suleiman have articulated a strong belief in the ongoing reforms under President Tinubu’s leadership. They argue that despite immediate challenges, these reforms are laying the groundwork for a more robust economy and have started to attract investor confidence. As political realignments occur in support of Tinubu’s administration, there is a clear call for patience among Nigerians, promising that transformative outcomes may soon be realized.
Original Source: punchng.com
