Reported by: Althiea .P | Edited by: Bornet .k
An All Progressives Congress (APC) chieftain, Dr. George Agbakahi, has defended President Bola Ahmed Tinubu’s economic reforms, arguing that the administration has introduced targeted empowerment programmes to reduce the impact of policy changes on Nigerians.
Agbakahi said criticisms of the government’s reforms by opposition parties were largely driven by political interests rather than genuine concerns about Nigeria’s economic development. He argued that critics had failed to present alternative solutions capable of addressing the country’s long-standing economic challenges.
According to the APC chieftain, the reforms introduced by the Tinubu administration are aimed at restructuring key sectors of the economy, attracting investment and creating opportunities for sustainable growth.
He highlighted the government’s efforts to attract foreign direct investment into sectors that had previously received limited attention, particularly the solid minerals industry.
Agbakahi said the reforms had helped increase economic activity in sectors that were previously underdeveloped, noting that some areas of the solid minerals sector that generated relatively low revenue in the past have recorded significant growth.
He stated that sectors previously contributing about N6 billion in revenue are now generating approximately N70 billion, describing the development as evidence that the government’s policies are beginning to produce results.
The APC chieftain acknowledged that economic reforms often come with challenges, particularly for citizens affected by rising costs and adjustments in the economy. However, he maintained that the government had introduced various intervention programmes designed to support vulnerable Nigerians.
He said empowerment initiatives were part of efforts to cushion the effects of reforms and ensure that citizens benefit from the long-term objectives of the government’s economic policies.
Since taking office in May 2023, President Tinubu’s administration has implemented major economic measures, including the removal of fuel subsidy and reforms in the foreign exchange market. The policies have attracted both support and criticism, with supporters describing them as necessary steps towards economic stability, while opponents have raised concerns about their immediate impact on living standards.
Agbakahi argued that the government inherited significant economic challenges and that bold decisions were necessary to reposition the country for growth.
He called on Nigerians to look beyond short-term difficulties and consider the potential long-term benefits of the reforms, including increased investment, improved government revenue and stronger economic sectors.
The APC chieftain urged stakeholders to support policies aimed at strengthening Nigeria’s economy rather than focusing solely on political disagreements.
He maintained that the success of the reforms would depend on continued implementation, accountability and effective delivery of programmes designed to improve the lives of citizens.
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