Tinubu correcting PDP’s economic mismanagement – Presidency replies Atiku

The Presidency has said that President Bola Ahmed Tinubu administration is working relentlessly to correct errors of economic mismanagement during the the tenure of People’s Democratic Party, when Atiku Abubakar was Vice President.

Responding to Atiku’s claim on X, that hunger is ravaging Nigeria, comparing the country’s situation to unrest in France before the 1789 Revolution or the 1917 Bolshevik Revolution in Russia, Bayo Onanuga, the President’s Special Adviser said this statement is grossly misleading.

According to him, “Talk is cheap. Former Vice President Atiku Abubakar and his handlers are clearly out of touch with the positive developments currently unfolding in our country.
“Their claim that hunger is ravaging Nigeria, and their comparison of our situation to the unrest in France before the 1789 Revolution or 1917 Bolshevik Revolution in Russia, is grossly misleading”.

The Presidency further stated that the former Vice President’s latest statement demonstrates a disconnect from the authentic Nigerian reality, as recent data tells a different story.

He said, just yesterday, the National Bureau of Statistics (NBS) released its figures for August, showing that headline inflation has declined for the fifth consecutive month.
The Presidency recalled the NBS report of a record trade surplus, with the contribution of non-oil exports to our trade balance now nearly matching that of crude oil at a ratio of 48:52 per cent.

He added, “Our foreign exchange reserves are on the rise, approaching $42 billion. When President Tinubu assumed office, reserves stood at $32 billion, much of it encumbered. This administration has since cleared more than $7 billion in arrears, including $800 million owed to airlines”.

The Presidency said under Tinubu, Nigeria is recording unprecedented revenues, adding that States now able to pay salaries and gratuities promptly and still have surplus funds for capital and social projects—an achievement not previously witnessed at this scale.
He boasted that Nigeria is moving in the right direction. “In contrast, Atiku and his party remain stuck in the past, fixated on doomsday scenarios and revolutionary rhetoric.

“Ironically, many of the challenges we face today stem from the economic mismanagement during the PDP years, when Atiku was Vice President, revealing that President Tinubu and his team are working relentlessly to correct those errors, with bold reforms.

He said, “After just two years and five months in office, we are proud of the progress being made under President Tinubu’s leadership. Atiku and his allies may choose to ignore these gains, but Nigerians can see and feel the positive changes taking place across the nation”.