The Nigerian Presidency claims economic improvement under President Tinubu, noting enhanced security, job creation efforts, and international praise for reforms. Despite addressing challenges highlighted by Catholic Bishops, the administration emphasizes significant progress in various sectors and a more secure environment for agriculture.
On Monday, the Nigerian Presidency asserted that the country’s economy is progressing under President Bola Tinubu’s leadership. Bayo Onanuga, a special adviser to the President, responded to criticisms from the Catholic Bishops’ Conference, which highlighted issues like youth unemployment, insecurity, corruption, and poverty. He argued that the Bishops’ observations were outdated and not entirely reflective of current advancements.
Onanuga recognized the Bishops for their concern over governance and expressed appreciation for their contributions toward national unity and stability. He emphasized that, despite the ongoing challenges, significant progress has been achieved across various sectors since Tinubu took office 22 months ago. Notably, he claimed improvements in national security, with an increase in military operations leading to the elimination of numerous criminals, ultimately enabling farmers to resume agricultural activities.
As security enhanced, Onanuga reported an uptick in food production, contributing to lower commodity prices, particularly in regions like Kaduna and Kebbi. He also indicated an economic stabilization since Tinubu’s administration began, citing improvements in trade balances, foreign reserves, and a strengthening currency. The country’s refining capacity, bolstered by new refineries such as the Dangote Refinery, has also improved significantly.
To address youth unemployment, the Tinubu administration has initiated several programs aimed at creating over ten million jobs. These initiatives focus on enhancing youth capabilities and productivity. Onanuga emphasized increased revenue mobilization for critical development sectors, including infrastructure and social services.
The ambitious 2025 budget of N54.9 trillion is set to aid in revitalizing the economy further. International recognition, such as praise from Chatham House, highlights the perceived efficacy of Tinubu’s economic reforms over the past 25 years. In light of existing challenges, the government remains confident in its strategic decisions to foster a prosperous Nigeria, with ongoing efforts to deliver improved living conditions for citizens.
In summary, the Nigerian Presidency, through Bayo Onanuga, asserts that under President Tinubu, the economy is experiencing positive changes, including improved security and economic stability. The administration has implemented significant programs to address youth unemployment and enhance productivity while also focusing on critical infrastructure growth. Positive endorsements from international institutions reflect the administration’s commitment to nationwide progress despite ongoing challenges.
Original Source: www.premiumtimesng.com
