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Presidency claims Nigerians enjoy lowest living costs in Africa amidst economic debate

Amid Accusations from Atiku Abubakar, Presidency Defends Tinubu's Economic Policies and Calls for Unity in Tackling Security Challenges

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In a statement issued by Mr. Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, the Presidency asserted that Nigerians currently experience the lowest living costs in Africa, amidst a backdrop of economic discourse and criticisms from opposition figures.

The statement was a response to accusations leveled by Atiku Abubakar, the Peoples Democratic Party’s 2023 presidential candidate, who criticized Tinubu’s economic policies, attributing them to dashed hopes and increased despair among Nigerians.

Atiku highlighted concerns about the nation’s economic performance and alleged that Tinubu’s policies were exacerbating economic challenges, leading to the shrinking of the private sector and a surge in living costs, including the affordability of basic commodities like bread.

However, the Presidency rebuffed Atiku’s claims, citing comparative cost of living indices to refute assertions about rising living costs. Onanuga also challenged Atiku’s remarks regarding the private sector’s contraction and the exodus of multinational companies, asserting that they were unsubstantiated.

Furthermore, the statement emphasized that President Tinubu inherited a fragile economy that necessitated comprehensive reforms. It defended Tinubu’s economic agenda, portraying it as positive, realistic, and sustainable, with endorsements from reputable local and international agencies.

The Presidency urged unity in addressing security challenges, calling for support rather than criticism of Tinubu’s efforts to tackle violent crimes across the country. Olatunbosun Oyintiloye, a former lawmaker and APC chieftain in Osun State, echoed this sentiment, urging opposition leaders to refrain from divisive narratives and instead collaborate in fostering security and stability.

As the nation navigates economic and security complexities, the statement underscores the importance of collective responsibility and constructive engagement in nation-building initiatives initiated by President Tinubu’s administration.

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