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Reforms painful but bearing fruits, Bagudu says

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Abubakar Bagudu News

Bola Adebiyi,Bola Tinubu

President Bola Tinubu’s economic reforms have started bearing fruit, the Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, has said.

Bagudu told newsmen on Friday in Abuja, that the measures had restored faith in the country’s economy.

“The payment of subsidies affected the quantum of revenue available to all the layers of government so much that the economy was at a standstill. “All the sectors that will enable the gains to be achieved, including agriculture, infrastructure, and security, have seen more funding. He commended the collaboration between the Central Bank of Nigeria and the Office of the National Security Adviser to rein in currency speculators and manipulators, and observed that it had shored up the value of the naira.

Bola Adebiyi Bola Tinubu

 

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