- Fasua argued that the country’s economic challenges should not be exaggerated
- Fasua urged citizens to embrace more disciplined financial habits
- The presidential aide further stated that government could not satisfy every public expectation
Tope Fasua, Special Adviser to President Bola Ahmed Tinubu on Economic Affairs, has advised Nigerians to align their spending with their earnings as economic hardship continues to affect households across the country.
Eko Hot Blog reports that Fasua made the remarks during a members-only Coffee Hangout organised by the Kay Hikers Club in Abuja.
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A video shared on the club’s Instagram page captured a tense exchange between the presidential aide and a female participant who criticised the rising cost of living, insecurity and shrinking purchasing power among Nigerians.
The attendee lamented the increasing prices of basic food items, noting that essentials many families once bought easily had become unaffordable.
She also raised concerns about growing insecurity and street crime, linking the situation to worsening economic conditions and low wages for ordinary workers.
Responding, Fasua argued that the country’s economic challenges should not be exaggerated, insisting that Nigerians could still cope better by managing resources wisely.
While acknowledging that inflation had pushed up prices, he maintained that careful planning could help families survive difficult times.
According to him, a modest household could still feed on ₦10,000 for several days if spending was properly managed.
Fasua urged citizens to embrace more disciplined financial habits, saying people needed to “cut their coat according to their cloth.”
He explained that he regularly visited markets such as Utako and Wuse in Abuja and believed Nigerians could save money by purchasing food items and cooking at home.
The presidential aide further stated that government could not satisfy every public expectation and that citizens must adapt to prevailing economic realities.
He also rejected direct comparisons between Nigeria and countries like the United States, stressing that purchasing power should be assessed based on local economic conditions.
According to him, the value of money differs across countries, adding that a small amount in dollars could go further in Nigeria than in America.
Another participant at the event challenged his position, accusing him of reducing serious structural economic problems to issues of personal mindset.
In response, Fasua said government policies play a major role in shaping economic realities, but insisted that individuals still have a responsibility to develop strategies for survival and financial resilience.
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