ECONOMY, BACK ON TRACK - BAGUDU.

The Minister of Budget and Economic Planning, Atiku Bagudu, has commended President Bola Tinubu administration for the ongoing economic reforms, which he said, have positioned Nigeria's economy for sustained recovery and growth. 

Addressing State House Correspondents after a courtesy call on Tinubu in his Lagos residence at the weekend, Bagudu also commended the current administration's decision to end costly subsidies on fuel, foreign exchange, and electricity, stating that this move has freed up resources and nearly tripled the funds available to subnational governments.

The minister revealed that these funds are being channeled into critical areas such as infrastructure, agriculture, consumer credit, digital innovation, and human capital development which are already inspiring a resurgence of investor confidence, with private capital returning to Nigeria.

Emphasizing that the government is making tough but necessary choices to correct years of neglect, Bagudu noted that President Tinubu's administration is laying a strong foundation for the country's growth, despite the short-term challenges. 

He also praised President Tinubu for being honest about the challenges and the need for critical decisions to drive the country's growth.

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