The Nigerian Presidency has declared that under President Bola Tinubu, the country is making progress in both security and economic stability. Improvements have been noted, including a reduction in crime rates, increased agricultural productivity, and job creation for youth. International bodies have also commended the administration’s reforms, reinforcing optimism for Nigeria’s future.
The Nigerian Presidency asserted that the nation is progressing positively under President Bola Tinubu’s administration. Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, made this statement following remarks from the Catholic Bishops’ Conference, which expressed concern about the economy’s condition.
Onanuga characterized the Bishops’ concerns as outdated, particularly highlighting issues such as youth unemployment, insecurity, and corruption. He acknowledged the Conference’s emphasis on leadership intervention to prevent further decline in these areas.
The adviser noted that President Tinubu values the Catholic Bishops’ interventions in governance. Onanuga emphasized that despite ongoing challenges, Nigeria has made significant strides in security and the economy since Tinubu took office 22 months ago.
He highlighted a decrease in insecurity, stating that over 8,000 criminals have been dealt with and 10,000 individuals, primarily women and children, have been rescued. This enhanced security has prompted farmers in regions like the North-West and North-East to return to their agricultural activities, boosting food production and lowering essential prices.
Onanuga pointed out that the administration has stabilized the economy, improving balance of trade and foreign reserves. Inflation has decreased, and the currency is becoming stronger against other currencies due to advancements in local refining capacities.
To foster youth employment and development, the administration has introduced programs aimed at creating over 10 million jobs. These initiatives include the Nigerian Youth Investment Fund and several others designed to leverage youth creativity and talents.
Moreover, there has been a surge in revenue collection, enabling more investment in infrastructure such as healthcare, education, and security. The 2025 budget, totaling N54.9 trillion, is expected to bolster the economy significantly.
Institutions such as Chatham House have recognized the positive economic management under President Tinubu, stating that the economy has become the most competitive in 25 years due to the reforms initiated. While acknowledging the hardships faced by many citizens, Onanuga expressed confidence in the administration’s decisions towards achieving a prosperous Nigeria.
In summary, the Nigerian Presidency affirms that President Tinubu’s administration is moving the country in a positive direction. With improvements in security and economic stability, as well as initiatives aimed at youth employment, the government is optimistic about future developments. Recognized by international institutions for its efforts, the administration continues to prioritize critical infrastructure and job creation, despite recognizing the challenges still faced by many citizens.
Original Source: nannews.ng
