Tinubu Acknowledges Economic Hardship, Says APC Governor
During the All Progressives Congress (APC) stakeholders’ meeting at the Government House in Lafia, Nasarawa State, Governor Abdullahi Sule conveyed President Bola Ahmed Tinubu's recognition of the economic challenges faced by ordinary Nigerians. Despite improvements in foreign reserves, which increased from under $30 billion to over $50 billion, and a capital market valued in hundreds of trillions, many citizens remain unaffected.
Governor Sule emphasized that these economic indicators do not resonate with the everyday experiences of people, particularly in rural areas. To address these issues, he revealed that the Federal Government has allocated $1 billion for direct interventions in rural infrastructure, water, power, and empowerment programs.
Additionally, he noted that Nasarawa State has seen a rise in federal allocations from about ₦13 billion to a record high, enabling the government to undertake various projects without incurring debt, leading to a supplementary budget currently before the State House of Assembly.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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