PUNCH
Amid the soaring rate of inflation, the Presidency on Sunday claimed that Nigerians are enjoying the lowest living costs in Africa.
It also said the administration of President Bola Tinubu was focused on “solving our economic and security challenges,” and while admitting that his reforms would cause “immediate pains, but will usher in an era of prosperity in the medium and long terms.”
The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, made these assertions in a statement he signed titled ‘Atiku Abubakar and his new hobby.’
Onanuga’s response followed accusations from the Peoples Democratic Party 2023 presidential candidate, Atiku Abubakar, who said Tinubu’s economic policies were dashing hopes, creating pain, and causing despair among Nigerians.
In a statement he signed on Sunday, Atiku, argued that President Tinubu’s poor response to the nation’s challenges was setting the stage for a prolonged and deeper economic crisis.
Atiku said, “The economy’s performance has, in recent weeks and months, been a subject of intense discourse among Nigerian citizens at home and abroad. Nigerians are gravely concerned, and rightly so, that Tinubu’s poor response to Nigeria’s economic challenges is setting the stage for a prolonged and deeper domestic economic crisis.
“His economic policies, drawn from a so-called Renewed Hope Agenda, are ironically dashing hopes, creating pain and causing despair. The private sector is shrinking by the day as small businesses are emasculated and as Multinational Companies, confused and weary of the economy, leave Nigeria in droves. The intense cost of living pressures has created more misery for the poor in towns and villages. There is hunger in the land as basic commodities, including BREAD, are becoming out of reach for average Nigerians…
