News

Economic Hardship: Tinubu Insists Nigeria May End up like Somalia without Reform

Published

on

File Photo: President Bola Ahmed Tinubu

By Our Reporter

President Bola Ahmed Tinubu has declared that except for the ongoing reform, Nigeria’s economy would have ended up like that of Somalia.

Tinubu made the disclosure on Thursday through his Special Adviser on Information and Strategy, Bayo Onanuga, while reacting to the public outcry on economic hardship occasioned by some policies of the President Bola Tinubu-led government.

According to him, Nigerians have been “very impatient to see through the government reform policy”.

Onanuga, who acknowledged that the nation’s economy is weak, said the ongoing economic reform would offer the country the opportunity to become a productive economy.

“Recently, I have been reading several reports about Vision 2010 and Vision 202.

“All those reports showed that our economy has been very efficient, very weak and if we don’t do what we are doing today, one day, we may end up like Somalia.

“Our economy is very weak and what the government is doing today through these reforms is to create an opportunity for us to be a productive economy. Nigerians have been consuming and the government has been subsidizing these consumptions”, he said.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version