The Presidency has defended President Bola Tinubu’s economic reforms in response to criticism from former Vice-President Atiku Abubakar, insisting that the policies are beginning to deliver positive results despite initial challenges.
Special Adviser on Information and Strategy, Bayo Onanuga, described Atiku’s claims as misleading and based on outdated data. He stated that Nigeria’s economy has recorded growth in both naira and dollar terms, while the country’s debt remains sustainable at about 40% of GDP.
The Presidency also maintained that the removal of the fuel subsidy has increased revenue for states and local governments, enabling greater investment in infrastructure, healthcare and education.
On tax reforms, the government said the measures are designed to create a fairer tax system by easing the burden on low-income earners while improving compliance among high-income individuals and companies.
The Presidency further dismissed allegations of financial mismanagement and denied reports claiming the government received a ₦7.98 trillion oil windfall.
Source: Naija News