The Special Adviser, Media and Public Communication to the President, Sunday Dare has said the economic policies of President Bola Tinubu, dubbed “Tinubunomics,” are yielding positive results for Nigerians.
According to him, the reversal of price inflation for most food items is a significant development, with prices of major foodstuffs dropping, adding that PMS prices are stabilising, providing relief to consumers.
“Tinubunomics continues to impact positively on both the economy and Nigerian citizens. Price inflation of most foodstuff is being reversed. Prices of major foodstuffs are dropping. PMS prices are stabilising.
“Kasuwan dawanau in Kano, North West is the biggest international grains market in West Africa. Millet, maize, rice, sorghum, and Ginger. Situated along 5 major Nigerian borders is back and thriving again,” he wrote on his verified X handle.
However, recent market survey suggests that prices are actually increasing under the current administration compared to previous ones. According to data from the National Bureau of Statistics (NBS), the inflation rate has risen significantly since President Tinubu took office. The prices of staple foods such as rice, beans, and maize have increased by over 20% in the past year, with some items experiencing price hikes of up to 50%.
Economic experts have attributed the rising prices to a combination of factors, including the removal of fuel subsidies, increased taxes, and a weak naira. They argue that the benefits of Tinubunomics are not trickling down to the average Nigerian, who is struggling to make ends meet.
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