The Nigerian Presidency claims the economy is improving under President Bola Tinubu, responding to concerns raised by the Catholic Bishops’ Conference concerning youth unemployment and insecurity. Onanuga highlighted significant progress, particularly in security and economic stability, while introducing initiatives aimed at creating jobs for the youth. Overall, the administration remains optimistic about future developments.
On Monday, the Nigerian Presidency asserted that the nation’s economy is progressing positively under President Bola Tinubu’s leadership. Bayo Onanuga, serving as the President’s Special Adviser on Information and Strategy, addressed concerns raised at the recent plenary meeting of the Catholic Bishops’ Conference in Abuja. During this meeting, Archbishop Lucius Iwejuru highlighted serious issues including youth unemployment, insecurity, and corruption, urging leaders to take immediate action.
Onanuga responded to the Bishops’ comments by noting that while challenges persist, Nigeria has made significant progress since President Tinubu took office 22 months ago. He emphasized that improved security measures, coordinated by the military and security agencies, have resulted in a safer Nigeria compared to 2023. Over 8,000 criminals have reportedly been eliminated, leading to the rescue of over 10,000 kidnapped individuals, particularly women and children.
Moreover, Onanuga pointed out that enhanced security has enabled farmers, especially in regions severely affected by insecurity, such as the North-West and North-East, to return to their fields, subsequently increasing food production and reducing prices of essential goods. Farmers in states like Kaduna, Kebbi, and Jigawa have notably prospered as a result.
The administration has also stabilized the economy, enhancing trade balance, foreign reserves, and curbing inflation. Local refining capabilities have been bolstered thanks to the operationalization of key refineries, including those owned by Dangote and NNPCL.
Recognizing the critical role of youth in national development, President Tinubu’s administration has introduced several initiatives aimed at creating employment opportunities. These programs, which encompass various employment and developmental schemes, are expected to generate over 10 million jobs for young Nigerians.
Furthermore, revenue collection has seen a considerable increase, enabling the government to allocate more funds to vital infrastructural projects in education, healthcare, and security. The anticipated 2025 budget of N54.9 trillion is set to further invigorate the economy.
Internationally recognized entities, such as Chatham House, have lauded the Tinubu administration for its effective economic management, claiming that Nigeria’s economy is at its most competitive level in 25 years. While acknowledging the hardships faced by many, Onanuga affirmed the government’s commitment to making sound decisions for a prosperous future, reiterating the administration’s optimism about the ongoing positive transformations in the country.
In conclusion, the Presidency believes that under President Tinubu’s leadership, Nigeria is moving in a positive direction economically. Despite existing challenges, the administration has made substantial advancements in security, employment, and overall economic stability. With continued efforts and reform, the government expresses confidence in a brighter future for the nation.
Original Source: www.premiumtimesng.com
