President Bola Tinubu “took the bullet” for Nigeria’s survival by implementing painful but necessary reforms that have set the country on a path to growth, a presidential spokesperson said, as the leader marked exactly three years in office.
Tinubu was sworn in on May 29, 2023, and has since overseen a series of sweeping economic reforms, including the removal of a costly fuel subsidy and the unification of the naira’s multiple exchange rates.
In a very long piece, Bayo Onanuga, special adviser to the president on information and strategy, said opposition politicians have escalated their “campaign of misinformation and calumny” to diminish the administration’s achievements.
“Two years ago, when the administration was struggling to deal with the unintended consequences of its historic reforms, the campaign would have made sense. But not anymore,” Onanuga wrote on Thursday.
Onanuga quoted Nasarawa State Governor Abdullahi Sule as saying Tinubu “has taken the bullets for all of them” by implementing reforms that increased states’ fortunes.
He said Tinubu inherited “acute petrol scarcity, an unsustainable petrol subsidy regime, multiple exchange rates” and low revenue in May 2023, with debt servicing consuming 97 percent of federal revenue.

“President Tinubu wasted no time. He threw the ruinous subsidy out of the window from Day One. Days later, he floated the naira,” Onanuga said.
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