Presidential aide Bayo Onanuga defended President Bola Tinubu's economic record, arguing that 33 state governors supporting the administration cannot be wrong. He cited falling food prices, reserves close to $60 billion, improved access to foreign exchange and renewed investment, and said a bag of rice had dropped from about N120,000 to below N50,000. Onanuga criticised TV anchors for claiming nothing has improved since Tinubu took office in May 2023, and urged them to check market prices. He argued that returning investors include foreign direct investment that creates jobs, not just portfolio investors, noting that Nigerians account for almost 90 per cent of the stock market. He accused critics of letting partisan hostility cloud their assessment.
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Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, defended the president's economic record, citing support from 33 state governors, falling food prices and returning foreign investors. In a Friday post responding to an Arise TV video, he criticized TV anchors for repeating the opposition's claim that nothing has improved since 2023, and said a bag of rice had dropped from about N120,000 to below N50,000. He also pointed to foreign reserves approaching $60 billion, easier forex access for businesses, and foreign direct investment creating jobs. The comments come amid debate over whether Tinubu's policies have eased living costs and business conditions.
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