The Tinubu Media Support Group (TMSG) has described the recent stance of the British Policy Institute, Chatham House, on the Nigerian economy as yet another resounding endorsement of the economic reforms of the President Bola Tinubu administration.
It said that the latest view of the credible British think tank on the current success of Tinubunomics validates several attestations that the Nigerian economy has a bright and prosperous future.
In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG noted that it was pleasing to see the globally acclaimed policy think tank declaring that the TInubu reforms have placed the Nigerian economy at its most competitive level in the last 25 years.
It said: ” Although the policy think tank acknowledged that Nigerians may be right to be concerned about the Tinubu reforms on the back of the cost of living crisis, it was emphatic that the policies ‘give Nigeria the best hope for sustainable growth that it has had for decades’.
“This, for us, is a resounding endorsement of the policies of the Tinubu administration despite what we agree are the short-term pains.
“It is a great thing that Chatham House acknowledged that fuel prices have quadrupled since President Tinubu took the bold step of removing fuel subsidy.
“Like the British think tank, we also admit that prices of food items also went up early in the life of the administration in reaction to the policies but there is now a noticeable drop in recent weeks, which is a reflection of the efficacy of the reforms.
“So we agree with Chatham House that there is light at the end of the tunnel if the government stays the course, something we are sure that President Tinubu is committed to.
“We also recall that a Nigerian policy think tank, the Independent Media and Policy Initiative (IMPI) made a similar submission in a recent assessment of the Tinubu reform policies after taking a cursory look at the balance of trade, improved daily crude production and the foreign reserves.
“We are, however, hopeful that all these will reflect positively on the inflation rate this year in a way that more Nigerians will feel the impact of the improving economic outlook.
“In our view, it is only those with a political axe to grind with the Tinubu administration or are outrightly mischievous that will not acknowledge the obvious renewed investment confidence in Nigeria as well as the improvement in many economic indices.
“We make bold to say that 2025 will bring more positive things for the country and urge Nigerians to continue to support the President and his team as they continue to work towards putting in place a more resilient economy that we all can be proud of.”
TMSG also urged government officials to do more in communicating the successes of the Tinubu administration locally, especially as the government inches closer to its mid-term.
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