- Tinubu’s Administration Insists Reforms Will Drive Long Term Growth
- Says Subsidy Removal Necessary for Sustainable Future
- Emir of Kano, Muhammadu Sanusi II, raised concerns over the government’s continued borrowing despite the gains
The administration of President Bola Tinubu has defended its economic reforms, including the removal of fuel subsidy, foreign exchange changes and fiscal restructuring, saying they are designed to deliver long term benefits for Nigerians.
Eko Hot Blog reports that the Minister of Information and National Orientation, Mohammed Idris, made this known while receiving an award in Lagos on Friday.
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“As we navigate major policy shifts including the removal of fuel subsidies, foreign exchange reforms and fiscal restructuring, our approach has centered on clarity, consistency and credibility,” he said.
“We are committed to ensuring that government decisions are communicated with empathy and responsibility, always highlighting their long term benefits for all Nigerians.”
Idris stressed the importance of communication in governance, noting that open dialogue is key to bridging the gap between government policies and public perception.
“Communication is at the heart of governance, and it must foster confidence, unity and hope,” he added.
While the Federal Government maintains that the reforms are necessary for sustainable growth, many Nigerians have continued to grapple with the economic hardship that followed the removal of fuel subsidy.
Meanwhile, the Emir of Kano, Muhammadu Sanusi II, raised concerns over the government’s continued borrowing despite the gains expected from subsidy removal.
“We’ve removed the subsidy. We’re now spending it. What we should not see is fiscal consolidation. You cannot remove wastages and continue borrowing. You need to see the benefits,” the monarch said.
Sanusi warned that the expected gains from subsidy removal and exchange rate liberalisation could be undermined by what he described as fiscal indiscipline.
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