President Bola Tinubu has received praise from Bayo Onanuga for his audacious economic reforms and decisive moves during his first year in office. Punch reported that while Onanuga acknowledged the challenges, he emphasized the need of Tinubu’s actions to stabilize Nigeria’s economy.CONTINUE FULL READING>>>>>
“The President would be the first person to say that the last one year has been bumpy. Don’t forget that I said he took very bold measures from Day 1. He ended subsidy. He said we must harmonize our exchange rates and of course, this has affected the economy. This economy has been on crutches for ages and we needed someone to say, ‘Enough of all this feeding-bottle economy that we are running. Let us face the harsh truth,’” Onanuga stated.
Highlighting the critical state of the nation before Tinubu’s intervention, Onanuga remarked, “What the President has done is a wake-up call saying, ‘look, things are bad and if we continue on this path, we’re going to hell.’ So, he brought the country back from the brink instead of us continuing to slide down into serious problems.”
Onanuga also noted Tinubu’s responsiveness to the unintended consequences of his policies. “When he found that some of his policies had unintended consequences, you can see the inventions he brought into play to bring succor to the vulnerable people in our country.”
Emphasizing the President’s efforts to support the vulnerable, Onanuga added, “He announced various measures for the poor. He distributed free food to vulnerable people and gave wage awards to federal civil servants and the states followed. Even individuals followed in distributing palliatives, not just food but also cash to vulnerable members of society. He didn’t go out there to say ‘I want to inflict pain on Nigerians.’ But he did what was necessary. The people watching us from outside have said these are things that are necessary to drive Nigeria’s economy on the right path.”CONTINUE FULL READING>>>>>
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