The federal government has finalized plans to distribute ₦75,000 in cash to 70 million Nigerians, aiming to alleviate the effects of economic hardship. This initiative aligns with President Bola Ahmed Tinubu’s administration’s goal to address the growing poverty in the country.
According to Senior Special Assistant to the President on Public Affairs, Hon. Aliyu Audu, President Tinubu’s bold policies have yielded tangible results, both domestically and internationally, attracting significant foreign portfolio investments.
Audu stated that Tinubu had provided sufficient evidence of performance in just 19 months in office. The President’s policies have led to a massive influx of foreign investments into the country.
The country has seen a 23% surge in foreign reserves, totaling $7.69 billion, due to effective monetary and fiscal policies implemented by the Central Bank of Nigeria and the federal government.
Audu noted that the federal government’s improved activities in the non-oil sector and increased oil production have also boosted fiscal earnings. This has resulted in significant federation allocations to state and local government councils.These allocations have enabled better payments to local contractors, contributing to falling food prices. Audu attributed this success to the President’s bold economic policies.
President Tinubu’s economic policies have received praise, with expectations of food surpluses following the delivery of 255 tractors to mechanize and transform agriculture. These tractors are being distributed to farmers.
The government has also repatriated $52.88 million in looted funds from the United States. Audu applauded this achievement, emphasizing the importance of APC promoters engaging more Nigerians and marketing Tinubu’s people-oriented policies.
As President Tinubu approaches two years in office, Audu encouraged APC supporters to promote the administration’s achievements, highlighting the positive impact of its policies on Nigerians.
Source : https://dailytrust.com/
