President Bola Tinubu is already taking measures to address the challenges brought about by the bold reforms introduced by the administration in all sectors of the economy. Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement on Saturday in Abuja, adding that more such measures would be taken in 2024.
He said Tinubu had never shied away from acknowledging the temporary pains triggered by the reforms, stressing that proactive measures would continue to be taken. ‘’Many of these measures are already being taken and, in the New Year, we expect the silver linings, that are at present understated, to blossom into rays of sunshine to be experienced by all Nigerians. ‘’The removal of fuel subsidy and the move to merge foreign exchange rates, two headline reforms introduced by the Tinubu administration since late May, caused problems such as high fuel prices and the depreciation of the Naira, two monstrosities which combined to cause a general spike in costs of services and goods,’’ Onanuga said note
Source: Financial Digest (financialdigest.net)
President Tinubu Measures Challenges Bold Reforms Economy
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