In response to recent statements from a faction of the Afenifere group, the Tinubu administration has strongly defended its record, asserting that Nigeria’s recovery and progress under President Bola Tinubu’s Renewed Hope Agenda is well underway.
The factional Afenifere criticized the government for alleged economic mismanagement, regression in human development, and democratic backsliding. However, the government’s rebuttal highlights significant accomplishments achieved over the past two years, despite the inherent challenges facing a nation with deep-rooted issues.
The administration pointed to substantial economic reforms, including the controversial removal of the fuel subsidy and the floating of the naira, which reportedly saved over $10 billion in 2023 and increased foreign reserves to $38.1 billion. While some citizens have felt the immediate effects of these reforms, the government is optimistic about the long-term benefits, including a recorded inflation rate drop to 23.71% by April 2025 and improvements in food supply stability due to increased security measures.
The government also emphasized its commitment to social welfare, with cash transfer programs benefiting over 5.7 million households and initiatives to support youth training in technology and development. Additionally, over 900,000 beneficiaries have emerged from the Presidential Loan and Grant Scheme.
Addressing allegations of increased governance costs, the administration clarified that efforts to implement the Oronsaye Report are ongoing, with fiscal discipline showing improvements, such as a significant drop in the debt service-to-revenue ratio. Furthermore, the Economic and Financial Crimes Commission (EFCC) has recorded notable successes in combating corruption.
As for claims regarding the centralization of power and undermining democratic institutions, the administration refuted these allegations, citing recent Supreme Court decisions that upheld opposition victories, suggesting a commitment to judicial independence.
The government’s security efforts are also commendable, with over 13,500 criminal elements neutralized in the past year, contributing to the stabilization of food production and enhanced agricultural initiatives.
Amid the political climate leading to the 2027 elections, the Tinubu administration continues to focus on positive economic reforms, recently achieving a Fitch B credit rating upgrade and a Moody’s Investors Service upgrade from Caa1 to B3, reflecting a more favorable outlook for Nigeria’s economy.
The government acknowledges the ongoing challenges faced by citizens and expresses a commitment to greater transparency and empathy in governance. The administration urges collaboration between responsible citizens and political leaders to address national issues and counter misinformation.
In conclusion, the Tinubu administration maintains that while hurdles remain, significant strides are being made toward a brighter future for Nigeria, encapsulating a shared vision of resilience and progress.