The Nigerian Presidency, represented by Mr. Bayo Onanuga, stated that the economy is progressing well under President Bola Tinubu’s administration. He responded to the Catholic Bishops’ Conference’s critical comments, highlighting improvements in security and economic conditions. Major initiatives aimed at job creation for youth and significant investments in infrastructure were also discussed. Overall, the government remains optimistic about Nigeria’s future despite ongoing challenges.
The Nigerian Presidency asserted that the nation’s economy is progressing positively under President Bola Tinubu’s administration. This statement came from Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, following comments made by the Catholic Bishops’ Conference, which highlighted serious economic and political issues during their recent plenary meeting.
Onanuga remarked that the Bishops’ concerns about youth unemployment, insecurity, and corruption appeared outdated and emphasized the government’s appreciation for the Bishops’ engagement in governance matters. He acknowledged ongoing challenges but insisted that significant strides have been made in various sectors since Tinubu took office.
He emphasized improvements in security, stating that Nigeria is safer than it was in 2023, which facilitated a resurgence in agricultural activities and increased food production. Onanuga noted that over 8,000 criminals have been apprehended, with many missing individuals rescued, contributing to a more secure environment for farmers.
On the economic front, Onanuga praised the administration’s achievements, highlighting better trade balance, strengthening foreign reserves, and stabilization of inflation. He pointed out gains in local refining capacity and new government initiatives aimed at creating millions of jobs to empower the youth.
He further revealed substantial government investment in infrastructure and the implementation of a N54.9 trillion budget for 2025 to stimulate economic growth. Chatham House acknowledged the administration’s reform efforts, reflecting positively on Nigeria’s economic competitiveness under President Tinubu.
Despite ongoing challenges faced by many Nigerians, the government remains steadfast in its commitment to fostering a prosperous future. The administration expresses optimism regarding the positive changes already underway, underscoring its dedication to fulfilling its promise to build a stronger Nigeria.
In conclusion, the Nigerian Presidency maintains that the nation is advancing under President Bola Tinubu’s leadership. Significant improvements in security and the economy, along with new job creation initiatives, reflect the administration’s commitment to addressing major national concerns. Despite prevailing challenges, the government’s reforms and strategic planning aim to ensure a brighter and more prosperous future for Nigeria.
Original Source: nannews.ng
