The Special Adviser to President Bola Ahmed Tinubu on Economic Affairs, Dr. Tope Fasua, says the living conditions of Nigeria’s poorest citizens have improved under the current administration, attributing the development to increased federal allocations to states and local governments. He also expressed confidence that the policy would strengthen the ruling APC’s chances in the 2027 general elections.
The Presidency has defended the economic policies of the Tinubu administration, insisting that the country’s poorest citizens are experiencing better living conditions despite widespread concerns over inflation and the rising cost of living.
Speaking during a televised interview, the President’s Special Adviser on Economic Affairs, Dr. Tope Fasua, argued that increased allocations to states and local governments are already improving grassroots development and household welfare.
According to Fasua, one of President Tinubu’s most impactful reforms has been ensuring that more resources flow to subnational governments, enabling governors and local government councils to pay salaries, pensions and fund development projects more consistently.
He maintained that many of the challenges associated with delayed salary payments and unpaid pensions have reduced because states now receive larger allocations.
Fasua further argued that the increased funding reaching state and local governments would ultimately translate into political support for the ruling party in the 2027 elections, expressing confidence that President Tinubu would secure a second term.
The Tinubu administration has repeatedly defended its economic reforms—including fuel subsidy removal, foreign exchange reforms and fiscal restructuring—as necessary measures to stabilise the economy over the long term.
However, the reforms have continued to generate mixed reactions. While government officials argue that key economic indicators are improving, institutions such as the World Bank have reported rising poverty levels and worsening living costs for many Nigerians in recent years.
Fasua said the administration believes poverty is most effectively addressed through stronger state and local government financing rather than relying solely on federal interventions.
He added that the administration remains convinced its economic reforms will produce broader benefits over time and strengthen public support ahead of the 2027 elections.
The remarks have sparked fresh debate over the real impact of the Federal Government’s economic reforms as political activities ahead of the 2027 general elections continue to gather momentum. While government officials insist conditions are improving, critics argue that many Nigerians are still grappling with high inflation, food prices and declining purchasing power.