The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has acknowledged that Nigeria’s economy is weak.
The presidential aide stated that without the current reforms, Nigeria’s economy could have deteriorated to a state similar to that of Somalia, an East African country.
News360 Info reports that Onanuga made these remarks on Thursday in response to the widespread public concern regarding the economic difficulties resulting from certain policies implemented by the administration of President Bola Tinubu.
He noted that Nigerians have exhibited considerable impatience in awaiting the outcomes of the government’s reform initiatives.
While recognizing the fragility of the nation’s economy, Onanuga emphasized that the ongoing economic reforms present an opportunity for Nigeria to transition into a more productive economic landscape.
Recently, I have been reading several reports about Vision 2010 and Vision 202.
All those reports showed that our economy has been very efficient, very weak and if we don’t do what we are doing today, one day, we may end up like Somalia.
Our economy is very weak and what the government is doing today through these reforms is to create an opportunity for us to be a productive economy. Nigerians have been consuming and the government has been subsidizing these consumptions”, Daily Post quoted Onanuga saying in a recent chat.
