Presidency Responds to Atiku: Nigerians Enjoy Lowest Cost of Living in Africa

In response to former Vice President Atiku Abubakar’s recent criticisms of President Bola Tinubu’s economic policies, the Presidency has refuted claims that the administration’s reforms are causing intense cost of living pressures among Nigerians.

Mr Bayo Onanuga, the Special Adviser to the President on Information and Strategy, issued a statement titled ‘Atiku Abubakar and his new hobby’ to counter Atiku’s assertions.

Atiku had alleged that President Tinubu’s economic policies are leading to a shrinking private sector, with multinational companies leaving Nigeria, causing pain, and creating despair among citizens. However, Onanuga challenged these claims, stating that they are not grounded in facts.

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The Special Adviser pointed to recent comparative cost of living indices, which, according to him, indicate that Nigerians still enjoy the lowest cost of living in Africa. While acknowledging that the ongoing reforms may cause immediate pains, Onanuga emphasized their long-term goal of ushering in an era of prosperity.

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Onanuga urged Atiku to be honest about the weak economy inherited by President Tinubu, emphasizing the need for a comprehensive overhaul. He highlighted the administration’s fiscal and tax policy reforms aimed at driving economic recovery and growth.

In conclusion, Onanuga dismissed the detractors of the administration, stating that they cannot impede the serious work of nation-building initiated by President Tinubu. The statement sought to present a counter-narrative to Atiku’s criticisms and reaffirm the administration’s commitment to the well-being and prosperity of Nigerians.

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