Presidency counters Atiku, cites rising reserves, falling inflation as proof of progress

ABUJA — The Presidency has dismissed caller criticisms by erstwhile Vice President Atiku Abubakar, insisting that Nigeria is making dependable economical advancement nether President Bola Tinubu.

In a connection released connected Monday, Bayo Onanuga, Special Adviser to the President connected Information & Strategy, described Atiku’s remarks — which likened Nigeria’s existent concern to pre-revolutionary France and Russia — arsenic “misleading” and “out of interaction with reality.”

Citing information from the National Bureau of Statistics (NBS), the Presidency noted that header ostentation had declined for the 5th consecutive period arsenic of August, portion the state posted a grounds commercialized surplus, with non-oil exports present accounting for 48 percent of the commercialized equilibrium against crude oil’s 52 percent.

The connection further disclosed that Nigeria’s overseas speech reserves person risen to astir $42 billion, compared to $32 cardinal erstwhile President Tinubu took office. It added that the authorities has cleared implicit $7 cardinal successful arrears, including $800 cardinal owed to planetary airlines.

According to the Presidency, states are present amended funded, capable to wage salaries and pensions promptly, portion inactive investing successful superior and societal projects. It attributed today’s challenges to what it described arsenic “economic mismanagement” during past administrations, stressing that ongoing reforms are designed to reverse specified legacies.

“After conscionable 2 years and 5 months, the medication is arrogant of the advancement made nether President Tinubu’s leadership,” the connection read. “Nigerians tin spot and consciousness the affirmative changes taking spot crossed the nation.”

The station Presidency counters Atiku, cites rising reserves, falling ostentation arsenic impervious of progress appeared archetypal connected Vanguard News.