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Tag: Tinubu’s economic reforms

  • Tinubu’s economic reforms yield positive indicators — Presidency

    Tinubu’s economic reforms yield positive indicators — Presidency

    Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Wednesday said key economic indicators have turned decisively positive under President Bola Ahmed Tinubu, describing the administration’s performance as evidence that its reforms are “a blessing to Nigeria.”

    Onanuga made the remarks in a post on his X handle, @aonanuga1956, while reacting to a data snapshot published by analytics firm, Statisense, which highlighted year-on-year improvements in inflation, GDP growth, exchange-rate stability, and external reserves.

    Citing figures sourced from the National Bureau of Statistics (NBS) and the Central Bank of Nigeria (CBN), the report showed that headline inflation fell sharply from 34.80 percent to 16.05 percent, while food inflation declined from 39.84 percent to 13.12 percent within the same period.

    The data also indicated a marginal rise in real GDP growth, moving from 3.86 percent to 3.98 percent, signalling steady improvement in economic activities despite global and domestic pressures.

    On the foreign exchange market, the naira posted gains, appreciating from ₦1,661.12 to ₦1,445.39 per US dollar.

    Nigeria’s foreign reserves similarly increased from $40.22 billion to $44.67 billion as at November 28.

    Reacting to the encouraging figures, Onanuga wrote: “The pointers are all flashing green, indicating that the Tinubu administration has been a blessing to Nigeria.”

  • Renewed Hope ambassadors target 10 million volunteers to promote Tinubu’s economic reforms

    Renewed Hope ambassadors target 10 million volunteers to promote Tinubu’s economic reforms

    The Renewed Hope Ambassadors Group, which currently boasts 5.3 million members, said it is working to expand its volunteer base to 10 million in a nationwide effort to sensitise citizens about the economic reforms introduced by President Bola Tinubu.

    National Convener of the group, Dr Oke Idawene, said many Nigerians remain unaware of the positive impacts of the president’s policies, despite what he described as their growing benefits to national development.

    Speaking at the Southwest Integrity Group Summit, themed Transforming Nigeria’s Economy, Policies, Progress and The Path Ahead for Continuity, Idawene said President Tinubu needs public collaboration — not criticism — including from former U.S. President Donald Trump.

    “We urge Nigerians to support good governance by backing President Bola Tinubu. We currently have 5.3 million members nationwide, and we are consolidating to increase the number to 10 million so that the election can be a walkover for our president,” he said.

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    “Anyone who dislikes Tinubu is an enemy of Nigeria. Those of us who share the same mindset are coming together to promote his good deeds. We launched this consultation in the Southwest to show that his policies have a human face. Economically and security-wise, he is doing well. I want to call on everyone, including Donald Trump, that we need collaboration, not castigation.”

    Deputy National Chairman Omole Oluwasegun added that Nigeria’s challenges have been clearly identified by President Tinubu, insisting that “the solution lies with him,” and urging citizens to give full support to his administration.

    The Osun State Coordinator of the group, Olamilekan Mustapha, said the sensitisation campaign will also help strengthen the All Progressives Congress (APC) in the state ahead of the 2026 governorship election.