The Presidency of Counter Atiku, quoting an increase in reserves, falls inflation as proof of progress

The president has rejected the new criticism of former Vice President Atiku Abubakar, insisting that Nigeria made a stable economic progress under the President of Bola Tinubu.

In a statement released on Monday, Bayo Onanuga, a special advisor to the president of information & strategies, described Atiku’s statements-who equated the current Nigerian situation with French and Russian-revolutionary-Russian-as “misleading” and “not related to reality.”

Citing data from the National Statistics Bureau (NBS), the President noted that headline inflation had declined during the fifth month in August, while the country posted a record trading surplus, with non-miny exports now contributed 48 percent of the trade balance of 52 percent of crude oil.

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The statement further revealed that Nigerian foreign exchange reserves had increased to nearly $ 42 billion, compared to $ 32 billion when President Tinubu served. He added that the government had cleaned more than $ 7 billion in arrears, including $ 800 million owed to international airlines.

According to the president, the countries are now funded better, able to pay salaries and retirement immediately, while still investing in capital and social projects. This links today’s challenges to what is described as “wrong economic management” during the administration of the past, emphasizing that the ongoing reform was designed to reverse the inheritance.

“After only two years and five months, the government is proud of the progress made under the leadership of President Tinubu,” the statement said. “Nigeria can see and feel the positive changes that occur throughout the country.”