By: Jamil Mabai
Special Adviser, Media and Public Communication to the President, Sunday Dare, says the Nigerian economy is responding to President Tinubu’s economic policies notwithstanding the challenges they bring.
Since coming into office in May 2023, President Tinubu has initiated reforms in the country’s energy, currency, taxation, and social welfare.
Tweeting on his X handle, Dare noted that “The Nigerian Economy shows progress in its diversification trajectory according to new trade surplus data from Nairametrics.
“Again another evidence that the Nigerian economy is responding to Tinubunomics notwithstanding some of the challenges being faced.
“Add this to 3.46 GDP growth, increase in Foreign Reserve to $40 billion, a strengthening of the naira against the dollar, Nigeria Euro bonds oversubscribed at $9.0 billion, a 300 per cent oversubscription and you get an economy on reset under the focused leadership of President Bola Ahmed Tinubu,” he observed.
Dare separately noted that “it is now difficult to make spurious demand for forex” because of the Central Bank of Nigeria (CBN) digitizing the forex market by implementing the Bloomberg Forex Matching system with real-time automated matching of demand and supply and reporting for all operators.
