Presidency Defends Tinubu's Economic Policies Against Atiku

The Presidency, through spokesperson Bayo Onanuga, formally addressed former Vice President Atiku Abubakar's accusations of financial recklessness against President Bola Tinubu's administration. Atiku's critique, based on outdated 2024 data, included concerns over excess borrowing, the removal of fuel subsidies, and tax reforms.

The Presidency's response, titled “Facts, Not Fear: A Point-by-Point Response to Atiku Abubakar on Nigeria’s Reform Journey,” emphasized that Nigeria's economy has significantly improved since 2024, with the dollar-denominated GDP rising from approximately $253 billion to about $377 billion, a 49% increase, and naira GDP expanding from ₦314 trillion to around ₦530 trillion, a 69% increase. The statement argued that Atiku's economic arguments were outdated and did not reflect the current economic realities under Tinubu's reform agenda.

The Presidency also noted that Nigeria's debt-to-GDP ratio stands at about 40%, lower than that of several other countries.