The Presidency has swore that economically, Nigeria is moving in the right direction.
In a statement today, September 15, reacting to Atiku Abubakar, former Vice President who painted a sordid picture of pervading hunger in the country, Bola Tinubu’s Presidency said that Atiku and his party are stuck in the past and fixated on doomsday scenarios.
The statement, issued by the presidential spokesperson, Bayo Onanuga accused Atiku of engaging in what it called “revolutionary rhetoric.
” Ironically, many of the challenges we face today stem from the economic mismanagement during the PDP years, when Atiku was Vice President.
“President Tinubu and his team are working relentlessly to correct those errors, with bold reforms.”
Onanuga said that after just two years and five months in office, “we are proud of the progress being made under President Tinubu’s leadership. Atiku and his allies may choose to ignore these gains, but Nigerians can see and feel the positive changes taking place across the nation.”
Onanuga referred to Atiku’s accusation as amounting to cheap talk.
“Former Vice President Atiku Abubakar and his handlers are clearly out of touch with the positive developments currently unfolding in our country.
“Their claim that hunger is ravaging Nigeria, and their comparison of our situation to the unrest in France before the 1789 Revolution or the 1917 Bolshevik Revolution in Russia, is grossly misleading.
“Their latest statement demonstrates a disconnect from the authentic Nigerian reality, as recent data tells a different story. Just today, the National Bureau of Statistics (NBS) released its figures for August, showing that headline inflation has declined for the fifth consecutive month.
“Over the weekend, the NBS also reported a record trade surplus, with the contribution of non-oil exports to our trade balance now nearly matching that of crude oil at a ratio of 48:52 per cent.
“Our foreign exchange reserves are on the rise, now approaching $42 billion. When President Tinubu assumed office, reserves stood at $32 billion, much of it encumbered. This administration has since cleared over $7 billion in arrears, including $800 million owed to airlines.
“Under President Tinubu, Nigeria is recording unprecedented revenues. States are now able to pay salaries and gratuities promptly and still have surplus funds for capital and social projects—an achievement not previously witnessed at this scale.”
