The Presidency has dismissed recent criticisms by former Vice President Atiku Abubakar, insisting that Nigeria is making steady economic progress under President Bola Tinubu.
A statement released by the Special Adviser to the President on Information & Strategy, Bayo Onanuga described Atiku’s remarks which likened Nigeria’s current situation to pre-revolutionary France and Russia as misleading and out of touch with reality.
Citing data from the National Bureau of Statistics, NBS, the Presidency noted that headline inflation had declined for the fifth consecutive month as of August, while the country posted a record trade surplus, with non-oil exports accounting for 48 percent of the trade balance against crude oil’s 52 percent.
The statement further disclosed that Nigeria’s foreign exchange reserves have risen to nearly 42 billion Dollars, compared to 32 billion Dollars when President Tinubu took office, adding that the government has cleared over 7 billion Dollars in arrears, including 800 million Dollars owed to international airlines.
