APC National Chairman Nentawe Yilwatda has defended President Bola Tinubu’s economic reforms, saying the administration’s policies are laying the foundation for long-term economic growth.
The National Chairman of the All Progressives Congress, Nentawe Yilwatda, has defended President Bola Ahmed Tinubu’s economic reforms, arguing that the administration is pursuing a long-term plan for Nigeria’s economic future.
Yilwatda said the reforms were already producing results, citing an increase in Nigeria’s Gross Domestic Product from below $300 billion to about $375 billion.
The APC chairman made the remarks while highlighting the administration’s investments in infrastructure and efforts to improve Nigeria’s capacity to compete in regional and international trade.
According to him, investments in deep seaports, railways, highways and inland dry ports are intended to reduce the cost of doing business and strengthen economic activity.
Yilwatda argued that the government’s policies should be viewed beyond their immediate impact, describing Tinubu’s economic agenda as a long-term strategy aimed at building prosperity for future generations.
“President Tinubu has a master plan,” Yilwatda said, according to reports of his remarks, stressing that the administration was not merely focused on short-term political gains.
The APC chairman also said the reforms were helping restore investor confidence and laying the foundation for the administration’s broader economic ambitions.
The comments come amid continuing debate over the impact of Tinubu’s reforms, particularly the removal of the petrol subsidy and foreign exchange reforms, which have generated significant economic and political debate.
Supporters of the administration maintain that the reforms are necessary to restructure the economy, while critics have continued to raise concerns about their effect on household incomes and the cost of living.
What We Know
- Yilwatda defended Tinubu’s economic reforms.
- He cited Nigeria’s GDP rising to about $375 billion.
- He pointed to infrastructure investments as part of the administration’s economic strategy.
- He described Tinubu’s agenda as a long-term plan for Nigeria.
Why It Matters
The APC chairman’s comments represent the governing party’s continued defence of Tinubu’s economic programme amid public debate over the costs and benefits of the reforms.