Amid the soaring rate of inflation, the Presidency on Sunday claimed that Nigerians are enjoying the lowest living costs in Africa.

It also said the administration of President Bola Tinubu was focused on “solving our economic and security challenges,” and while admitting that his reforms would cause “immediate pains, but will usher in an era of prosperity in the medium and long terms.”

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, made these assertions in a statement he signed titled ‘Atiku Abubakar and his new hobby.’

Onanuga’s response followed accusations from the Peoples Democratic Party 2023 presidential candidate, Atiku Abubakar, who said Tinubu’s economic policies were dashing hopes, creating pain, and causing despair among Nigerians.

In a statement he signed on Sunday, Atiku, argued that President Tinubu’s poor response to the nation’s challenges was setting the stage for a prolonged and deeper economic crisis.

Atiku said, “The economy’s performance has, in recent weeks and months, been a subject of intense discourse among Nigerian citizens at home and abroad. Nigerians are gravely concerned, and rightly so, that Tinubu’s poor response to Nigeria’s economic challenges is setting the stage for a prolonged and deeper domestic economic crisis.

“His economic policies, drawn from a so-called Renewed Hope Agenda, are ironically dashing hopes, creating pain and causing despair. The private sector is shrinking by the day as small businesses are emasculated and as Multinational Companies, confused and weary of the economy, leave Nigeria in droves. The intense cost of living pressures has created more misery for the poor in towns and villages. There is hunger in the land as basic commodities, including BREAD, are becoming out of reach for average Nigerians.


“BAT has shown no capacity to deal with the adverse and disastrous impact of the new subsidy regime on the people and businesses and the new foreign exchange policy, which provides for a free-floating exchange rate. His initiatives are uninformed, arbitrary, and chaotic. BAT’s palliatives are too mean, pitiable, and contemptuous of the poor. He seems genuinely lost, bewildered, and overwhelmed.”

But the Presidency faulted Atiku’s assertions about the rising cost of living saying, “His claim that the government’s policies have created intense cost of living pressures are also not grounded on facts as recent comparative cost of living indices show that Nigerians still enjoy the lowest cost of living in Africa.”

“Atiku’s claims that the private sector is shrinking and that multinational companies are leaving our companies in ‘droves’ are not grounded on facts,” it added.

Onanuga said the former Vice President “should be honest enough to admit that President Tinubu inherited a weak economy,” which, to all intents and purposes…needs a complete overhaul.

“Nigerians can easily see through the hypocrisy of Alhaji Atiku, who in accusing President Tinubu of poor response to the nation’s challenges and causing pains and despair, didn’t offer any better policy options in his run for the Presidency different from the economic reform agenda being pursued by President Tinubu,” the statement further read.

It added that reputable local and international agencies who understand the situation the Tinubu administration found itself have commended the administration, having seen a policy trajectory that is clearly positive, realistic and sustainable.

The Presidency noted that the administration has also embarked on comprehensive fiscal and tax policy reform that will drive speedy recovery and spur economic growth and therefore its detractors “cannot stop the serious work of nation-building already set in motion by President Tinubu.”


Meanwhile, ex-lawmaker representing Obokun State Constituency in Osun State House of Assembly, Mr Olatunbosun Oyintiloye, has urged opposition parties in the country to stop criticising Tinubu over rise in violent crimes across the country.

Oyintiloye, a Chieftain of the All Progressives Congress in Osun, who spoke in Osogbo on Sunday, said instead of criticism that could cause distraction, Tinubu should be supported as he sought solution to the challenge.

He said, “No one is happy with the recent killing, banditry, terrorism, kidnapping other criminalities across the country. But negative criticism and names calling by the leaders of the opposition parties is not the way forward.

“What we need at the critical period is for us, as stakeholders to come together, irrespective of our political affiliation, religious or tribe and give the present administration needed boost and encouragement.

“Security is a collective responsibility of everyone and that is why I am appealing to leaders of the opposition parties to stop playing cheap politics with security issues and narratives that can divide the country,” he said.



https://punchng.com/nigerian-cost-of-living-lowest-in-africa-says-presidency/

ogododo:
Amid the soaring rate of inflation, the Presidency on Sunday claimed that Nigerians are enjoying the lowest living costs in Africa.

It also said the administration of President Bola Tinubu was focused on “solving our economic and security challenges,” and while admitting that his reforms would cause “immediate pains, but will usher in an era of prosperity in the medium and long terms.”

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, made these assertions in a statement he signed titled ‘Atiku Abubakar and his new hobby.’

Onanuga’s response followed accusations from the Peoples Democratic Party 2023 presidential candidate, Atiku Abubakar, who said Tinubu’s economic policies were dashing hopes, creating pain, and causing despair among Nigerians.

In a statement he signed on Sunday, Atiku, argued that President Tinubu’s poor response to the nation’s challenges was setting the stage for a prolonged and deeper economic crisis.

Atiku said, “The economy’s performance has, in recent weeks and months, been a subject of intense discourse among Nigerian citizens at home and abroad. Nigerians are gravely concerned, and rightly so, that Tinubu’s poor response to Nigeria’s economic challenges is setting the stage for a prolonged and deeper domestic economic crisis.

“His economic policies, drawn from a so-called Renewed Hope Agenda, are ironically dashing hopes, creating pain and causing despair. The private sector is shrinking by the day as small businesses are emasculated and as Multinational Companies, confused and weary of the economy, leave Nigeria in droves. The intense cost of living pressures has created more misery for the poor in towns and villages. There is hunger in the land as basic commodities, including BREAD, are becoming out of reach for average Nigerians.


“BAT has shown no capacity to deal with the adverse and disastrous impact of the new subsidy regime on the people and businesses and the new foreign exchange policy, which provides for a free-floating exchange rate. His initiatives are uninformed, arbitrary, and chaotic. BAT’s palliatives are too mean, pitiable, and contemptuous of the poor. He seems genuinely lost, bewildered, and overwhelmed.”

But the Presidency faulted Atiku’s assertions about the rising cost of living saying, “His claim that the government’s policies have created intense cost of living pressures are also not grounded on facts as recent comparative cost of living indices show that Nigerians still enjoy the lowest cost of living in Africa.”

“Atiku’s claims that the private sector is shrinking and that multinational companies are leaving our companies in ‘droves’ are not grounded on facts,” it added.

Onanuga said the former Vice President “should be honest enough to admit that President Tinubu inherited a weak economy,” which, to all intents and purposes…needs a complete overhaul.

“Nigerians can easily see through the hypocrisy of Alhaji Atiku, who in accusing President Tinubu of poor response to the nation’s challenges and causing pains and despair, didn’t offer any better policy options in his run for the Presidency different from the economic reform agenda being pursued by President Tinubu,” the statement further read.

It added that reputable local and international agencies who understand the situation the Tinubu administration found itself have commended the administration, having seen a policy trajectory that is clearly positive, realistic and sustainable.

The Presidency noted that the administration has also embarked on comprehensive fiscal and tax policy reform that will drive speedy recovery and spur economic growth and therefore its detractors “cannot stop the serious work of nation-building already set in motion by President Tinubu.”


Meanwhile, ex-lawmaker representing Obokun State Constituency in Osun State House of Assembly, Mr Olatunbosun Oyintiloye, has urged opposition parties in the country to stop criticising Tinubu over rise in violent crimes across the country.

Oyintiloye, a Chieftain of the All Progressives Congress in Osun, who spoke in Osogbo on Sunday, said instead of criticism that could cause distraction, Tinubu should be supported as he sought solution to the challenge.

He said, “No one is happy with the recent killing, banditry, terrorism, kidnapping other criminalities across the country. But negative criticism and names calling by the leaders of the opposition parties is not the way forward.

“What we need at the critical period is for us, as stakeholders to come together, irrespective of our political affiliation, religious or tribe and give the present administration needed boost and encouragement.

“Security is a collective responsibility of everyone and that is why I am appealing to leaders of the opposition parties to stop playing cheap politics with security issues and narratives that can divide the country,” he said.



https://punchng.com/nigerian-cost-of-living-lowest-in-africa-says-presidency/

Support kee you there, are your fellow theives at the helm of affairs feeling the effect of their impoverishing policies? NO.

In short support kee you the second time, in fact thunder fire you.

The stupid line continues compare and contrast rubbish.

RONU 🤣

The APC actually came on board to mock and impoverish Nigerians. It will never be well with those who brought this evil party upon us.

But truth be told, the information is correct.

NIGERIA is the headquarters of poverty in the world Courtesy of APC. The hardship is real

1Alex:
But truth be told, the information is correct.

E no go better for you and your family. The small change wey you dey see wey make you talk this rubbish go dry up

AlluviaUC

I reject you. Everything you said against me shall return to you in folds.


The Daft one turns to curse instead of doing a little research with the internet in his hand.

You are cursed already. Fool.


Done with you.

1Alex:
I reject you.
You are cursed already. Fool.


Done with you.

All the curse wey dem dey curse Nigerian government and Tinubu in this country will be your portion. You and your entire family members are going to partake in the sorrow

Which simply means things will get more expensive.


To those who voted this man search your consciousness is this what yall voted or hoped for

cost of living in Nigeria compared to other African countries

Funny people

AlluviaUC:


E no go better for you and your family. The small change wey you dey see wey make you talk this rubbish go dry up

why are you people like this? Someone voiced his opinion and you start cursing him. Why not make a research and submit your findings? I believe you are naive to have reacted this way. It's so pathetic.

So, nobody in the presidency understands what cost of living stands for in relation to inflation?

DjAndroid:
why are you people like this? Someone voiced his opinion and you start cursing him. Why not make a research and submit your findings? I believe you are naive to have reacted this way. It's so pathetic.

Useless opinion. People are in pain and you're mocking them with useless conjectures. If you are not careful you will share in the curses I dashed that ediot

1Alex:
cost of living in Nigeria compared to other African countries

Oloriburuku go carry graphics. You are a senile ediot for this display of stupidityyy

COMRADES, so apc is celebrating poverty it had brought in Nigeria? Well, I am not surprised since some electorates are still voting APC in the just concluded by-elections

1Alex:
But truth be told, the information is correct.

Which country in Africa have you been to in the last two year to talk this rubbish?

Till the day we will have responsible people in power, that's when Nigeria will move in the right direction.

For now, I weep for my darling country.

Dem don wail for Niger.

Dis people no rate us.

Ok