The Bola Tinubu Presidency has dismissed as “biased and politically motivated” the recent criticism by the pan-Yoruba socio-political organisation, Afenifere, accusing the Tinubu’s administration of failing Nigerians after two years in office.
Presidency’s Response
Reacting to Afenifere’s claims of economic mismanagement, human development regression, and democratic backsliding under President Tinubu, the Presidency described the group’s position as “a jaundiced view” aligned with opposition rhetoric. The Special Adviser to the President on Media and Public Communications, Mr. Sunday Dare, issued the statement defending the administration’s record under the Renewed Hope Agenda.
Dare highlighted the administration’s economic reforms, including the removal of fuel subsidy, which he said saved the government over $10 billion in 2023. He also noted that the unification of the foreign exchange market and the floatation of the naira were necessary to correct long-standing distortions in the currency regime. According to Dare, these reforms have boosted foreign reserves to $38.1 billion by early 2024 and contributed to a trade surplus of N18.86 trillion.
Addressing Criticisms
Dare addressed Afenifere’s claim that the reforms have led to “unmitigated suffering” and “economic deforms,” saying that such criticisms overlook the macroeconomic benefits.
“A balanced assessment based on available data reveals a more objective and progressive picture, with significant achievements amid the challenges expected from a country like Nigeria with decades-old problems,” he said.
