Tinubu Took Tough Decisions, States Are Reaping the Benefits – Bayo Onanuga


 

By Abdulahi Musa 


Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has said that the economic reforms introduced by the Tinubu administration have significantly increased the funds available to state governments, enabling them to undertake more development projects across the country.


Onanuga stated that the removal of fuel subsidy and the liberalisation of the foreign exchange market were bold but necessary decisions that helped rescue Nigeria from a looming fiscal crisis. According to him, the reforms have led to increased allocations from the Federation Account to states, allowing governors to invest more in infrastructure, social services and other developmental initiatives.


The presidential aide argued that before President Bola Ahmed Tinubu assumed office in May 2023, many states struggled to pay workers' salaries and lacked resources for capital projects due to dwindling revenues and the burden of fuel subsidies. He maintained that the administration's economic measures have improved the financial position of both the federal and state governments.


Onanuga noted that several states have since embarked on major infrastructure projects, citing examples from Ogun, Oyo, Nasarawa, Enugu, Ebonyi, Kaduna, Kano, Kebbi and Katsina states. He said governors across political parties have acknowledged that increased federal allocations have helped them implement more development programmes in their respective states.


He further expressed optimism that ongoing efforts to ensure direct allocation of funds to local governments would deepen grassroots development, stating that more governance and public services would reach communities across the country's 774 local government areas.


While acknowledging that the reforms initially caused hardship for many Nigerians due to rising living costs and inflation, Onanuga insisted that the policies were necessary to stabilise the economy and lay the foundation for long-term growth and development. He maintained that the benefits of the reforms are beginning to manifest through increased government revenues, improved fiscal sustainability and greater capacity for public investment at the sub-national level.

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