ABUJA — The Presidency has dismissed current criticisms by former Vice President Atiku Abubakar, insisting that Nigeria is making regular financial progress underneath President Bola Tinubu.
In a press release launched on Monday, Bayo Onanuga, Particular Adviser to the President on Info & Technique, described Atiku’s remarks — which likened Nigeria’s present scenario to pre-revolutionary France and Russia — as “deceptive” and “out of contact with actuality.”
Citing information from the Nationwide Bureau of Statistics (NBS), the Presidency famous that headline inflation had declined for the fifth consecutive month as of August, whereas the nation posted a document commerce surplus, with non-oil exports now accounting for 48 p.c of the commerce stability in opposition to crude oil’s 52 p.c.
The assertion additional disclosed that Nigeria’s international alternate reserves have risen to almost $42 billion, in comparison with $32 billion when President Tinubu took workplace. It added that the federal government has cleared over $7 billion in arrears, together with $800 million owed to worldwide airways.
In keeping with the Presidency, states at the moment are higher funded, in a position to pay salaries and pensions promptly, whereas nonetheless investing in capital and social tasks. It attributed right now’s challenges to what it described as “financial mismanagement” throughout previous administrations, stressing that ongoing reforms are designed to reverse such legacies.
“After simply two years and 5 months, the administration is happy with the progress made underneath President Tinubu’s management,” the assertion learn. “Nigerians can see and really feel the constructive adjustments going down throughout the nation.”
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