Coordinating Minister of the Economy and Minister of Finance, Wale Edun on Tuesday asserted that Nigeria has experienced economic progress since President Bola Tinubu took office in May 2023.
At the House of Representatives meeting, Edun explained the dire state of the economy prior to Tinubu’s tenure, suggesting it was teetering on the edge of collapse.
Edun attributed the turnaround to the implementation of the administration’s 8-point agenda, emphasizing its role in steering the country towards economic recovery.
He criticized the previous administration’s handling of fuel subsidies and foreign exchange policies, labeling them as wasteful and unsustainable practices that exacerbated economic challenges.
Acknowledging the current rise in inflation and living costs, Edun reiterated Tinubu’s commitment to safeguarding the welfare of Nigerians, particularly the most vulnerable. He highlighted the rollout of palliatives and interventions aimed at mitigating the impact of economic hardships on the populace.
While the claims of improvement were made, concerns linger over the actual impact of the administration’s policies on the ground. Critics argue that despite assertions of progress, many Nigerians continue to grapple with persistent economic challenges, including unemployment and poverty.
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