Nigerian Government, on Tuesday, faulted the claims by the opposition politicians that the economy was shrinking under the current administration.
There has been outcry that President Bola Tinubu’s twin policies of fuel subsidy removal and floating of the Naira has damaged the economy, throwing the masses into deeper poverty.
However, in a post on his X, President Tinubu’s media aide, Mr Bayo Onanuga said the economy was indeed doing well under Tinubu.
He wrote, “President Tinubu is not doing well, he is not governing Nigeria well, so claim the desperate opposition. But the data are showing that they are wrong and blind.
“Nigeria’s economy under the reforming presidency of Bola Tinubu demonstrates resilience and prospects of growth.”
Onanuga said many investors were heading to the country, a demonstration that the economy was doing well.
“Big money has taken adequate notice and the owners are heading to Nigeria to invest their funds, according to Cardinal Stone,” he wrote, while quoting a report by Business Day.
A quote he cited in the Business Day report reads: “In a world rattled by war, inflation, and erratic trade policies, some of the savviest investors are quietly shifting their attention back to Nigeria.
“This is because Nigeria, despite its many challenges, is showing signs of resilience and opportunity that global markets currently lack.”