Tinubu’s Reforms Increased Poverty, But Economy Is Recovering – Bwala
By Tams Jonah, ABUJA – The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has acknowledged that the administration’s economic reforms contributed to an increase in poverty but maintained that the government has made significant progress since introducing the measures.
Bwala said the reforms, which include the removal of fuel subsidy and changes to the foreign exchange regime, created significant economic hardship for Nigerians, particularly in the early stages of implementation.
He, however, argued that the government’s policies were necessary to address longstanding structural problems in the economy and put the country on a more sustainable growth path.
According to him, the administration has recorded notable progress despite the difficulties associated with the reforms, stressing that the government remains focused on improving economic conditions and reducing the burden on citizens.
Bwala’s admission comes amid continued public concern over the rising cost of living, food prices and declining purchasing power since the Tinubu administration began implementing its economic reform agenda.
The government has repeatedly defended the reforms, arguing that they are designed to stabilise the economy, attract investment and create the foundation for long-term growth.
Bwala said the administration was aware of the hardship faced by Nigerians and would continue to implement measures aimed at cushioning the impact of the reforms while consolidating the gains recorded so far.
