BREAKING: The Presidency has dismissed former Vice President Atiku Abubakar’s criticism of President Bola Tinubu’s economic policies
The Presidency has dismissed former Vice President Atiku Abubakar’s criticism of President Bola Tinubu’s economic policies, insisting that the administration’s reforms are reviving Nigeria’s economy and delivering measurable gains. In a statement issued by Presidential spokesman Bayo Onanuga, the Presidency argued that Atiku’s assessment relied on outdated 2024 economic data and failed to reflect improvements recorded in 2025 and 2026. According to the statement, Nigeria’s economy has rebounded significantly following key reforms, with dollar-denominated GDP rising from about $253 billion to $377 billion, while naira GDP increased from ₦314 trillion to about ₦530 trillion. The Presidency also defended the administration’s borrowing strategy, stating that Nigeria’s debt-to-GDP ratio remains relatively moderate compared to many emerging and developed economies. It added that the country’s debt service-to-revenue ratio has declined from nearly 100 per cent in late 2022 to below 60 per cen...