Onanuga Defends Tinubu's Economic Progress Amid Criticism

Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, defended the economic record of the Tinubu administration, asserting that the backing of 33 state governors indicates confidence in the President's leadership. Onanuga highlighted improvements such as falling food prices, rising foreign reserves, and increased foreign investment as evidence of progress since Tinubu assumed office in May 2023.

He criticized television anchors for promoting opposition narratives that claim little has changed economically, urging them to consider market conditions. Onanuga reported that the price of a bag of rice has decreased from approximately N120,000 to below N50,000, with prices in his hometown at N45,000.

He also noted that Nigeria's foreign reserves are nearing $60 billion and that Nigerians can now use naira-denominated bank cards abroad. Onanuga emphasized that foreign direct investment is returning to Nigeria, contributing to job creation and economic activity.