Minister of National Planning Bagudu Says Nigeria is not where it want to be, but the economy is back on track
As Nigeria marks two years under President Bola Tinubu’s administration, Minister of Budget and Economic Planning, Senator Atiku Bagudu, has highlighted bold reforms that, despite short-term pain, are steadily positioning the nation’s economy for sustained recovery and growth.
Speaking shortly after a courtesy call on President Tinubu in his Lagos residence, Bagudu commended the administration’s economic policies, stating that Nigeria is beginning to reap the fruits of long-overdue structural changes.
The Minister emphasized that the Tinubu administration’s decision to end costly subsidies, on fuel, foreign exchange, and electricity, was pivotal.
The funds, Bagudu noted, are being channeled into critical sectors: infrastructure, agriculture, consumer credit, digital innovation, and human capital development.
According to Bagudu, the reforms are already inspiring a resurgence of investor confidence.
He said One of the greatest differentiators between developed and developing countries is the level of investment. Both public and private.
He said Nigeria is are now correcting years of neglect which has been a Herculean task and central to reforms.
Reflecting on the growing number of opposition politicians joining the All Progressives Congress (APC), including governors from Delta and Akwa Ibom States, Bagudu said it’s a reflection of faith in Tinubu’s leadership.
According to the Minister, as Nigerians celebrate Eid and the second anniversary of the Tinubu administration, “the administration’s reforms are working, investments are rising, despite challenges besetting the country.
