Tinubu’s Reforms Laying Solid Foundation For Economic Recovery —Bagudu
President Bola Tinubu’s reforms are steadily preparing Nigeria’s economy for lasting recovery and growth, despite current hardships, Senator Atiku Bagudu, Minister of Budget and Economic Planning, has said.
His remarks, made after a visit to President Tinubu’s Lagos home, were echoed by Aminu Suleiman, a member of the recently launched North West Development Commission, who urged Nigerians to be patient, suggesting Tinubu’s two years in office have been more effective than the preceding administration’s entire eight-year term.
Bagudu emphasised that Nigeria is beginning to see positive outcomes from long-overdue economic changes.
“We’re not where we want to be, but these steps have turned the economy in the right direction,” he stated.
He highlighted the administration’s pivotal decision to end costly subsidies on fuel, foreign exchange, and electricity.
Decades of underinvestment brought Nigeria to a point where even paying salaries was difficult.
“By cutting these subsidies, we freed up resources. Today, subnational governments, states and local governments have nearly tripled the funds they had before. That’s transformative,” he said.
The minister noted that these freed-up funds are being channelled into critical sectors such as infrastructure, agriculture, consumer credit, digital innovation, and human capital development.
He added, “These are not abstract promises. We are seeing real allocations going to security, education, and economic empowerment.”
Bagudu also reported a resurgence of investor confidence, both domestic and international.
“There is a visible return of private capital. Investors are taking Nigeria seriously again. They see a government that’s making tough but necessary choices,” he added.
He likened the reforms to “filling the hole under a house”, explaining that while visible progress might not yet be apparent, crucial foundational work is underway.
Bagudu also commented on the growing number of opposition politicians joining the All Progressives Congress (APC), including governors from Delta and Akwa Ibom states, describing it as a reflection of faith in Tinubu’s leadership and the direction of the country.
He concluded that as Nigerians celebrate Eid and the second anniversary of the Tinubu administration, “the administration’s reforms are working, and investments are rising, despite challenges besetting the country.”
Tinubu’s Reforms Laying Solid Foundation For Economic Recovery —Bagudu is first published on The Whistler Newspaper
