The Tinubu administration has urged Nigerians not to be influenced solely by negative global statistics regarding the economy and claims of worsening poverty, insisting that the reforms implemented by President Bola Tinubu’s administration are beginning to yield positive results.
Furthermore, responding to concerns raised by some Nigerians that citizens have become poorer under President Tinubu’s two-year administration, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, challenged the validity of such claims and the data used to support them.
According to Onanuga, “We must critically examine the sources of such statistics and the context in which they are presented.
Yes, we acknowledge that inflation has increased—this is one of the short-term effects of the bold macroeconomic reforms implemented to reposition our economy for long-term growth and stability.
However, there are already positive signs that these efforts are yielding results.
For example, the prices of key food items such as rice and beans have begun to decline, signalling that government interventions in the agricultural sector are having an impact.”
In addition, he noted that the administration is taking deliberate steps to support the most vulnerable members of society.
“Millions of households currently benefit from the Conditional Cash Transfer programme, which provides direct financial assistance to those most in need,” he said.
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Onanuga explained that these measures are part of a broader strategy to cushion the impact of economic reforms and ensure inclusive development.
He added, “Beyond direct support, the government has significantly increased investment in agriculture to boost food production, which will reduce the cost of food prices.”
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