More Nigerians Now Into Poverty because of Reform, We Had No Choice - Presidency
Bwala said the reforms raised poverty and living costs, but added that inflation has eased and foreign reserves have rebuilt, officials said.
- On Wednesday, Special Adviser to President Bola Ahmed Tinubu on Policy Communication Daniel Bwala acknowledged that economic reforms increased poverty among Nigerians while defending the measures on Channels Television's Politics Today.
- Bwala argued previous administrations lacked political courage to implement reforms including removing the petrol subsidy and unifying the foreign exchange market to address economic distortions. He noted Nigeria's large population already faced poverty before these measures began.
- Households and businesses continue facing higher transportation, logistics, and production costs from the policy shifts. Bwala maintained that no country implements reforms without causing temporary discomfort, emphasizing the administration has made progress since the reform phase began.
- Predicting wider margins than in 2023, Bwala expressed confidence about the 2027 presidential election, citing support from opposition governors. Tinubu defeated Atiku Abubakar by 1.81 million votes and Peter Obi by 2.69 million votes in 2023.
- Tinubu's October 1 Independence Day address asserted the country is transitioning toward prosperity, claiming inflation has fallen, foreign reserves are rebuilt, and the foreign exchange market has stabilized after the government moved beyond the initial reform phase.
14 Articles
14 Articles
Bwala admits Tinubu economic reforms increased poverty
Mr Bwala acknowledged that the immediate impact of the reforms was painful and that more Nigerians fell into poverty during the process. He argued, however, that the hardship was an unavoidable consequence of economic restructuring.
More Nigerians now into poverty because of reform, we had no choice - Presidency
Daniel Bwala, a spokesman for President Bola Tinubu, has acknowledged that more Nigerians slipped into poverty as a result of the economic reforms introduced by the administration. Bwala, however, defended the reforms, saying they were necessary to move the country forward despite the hardship and discomfort they caused. He spoke on Channels Television’s Politics Today […] More Nigerians now into poverty because of reform, we had no choice – Pre…
Presidency admits more Nigerians fell into poverty under Tinubu
The Presidency, Wednesday, acknowledged that more Nigerians have been pushed into poverty under the administration of President Bola Tinubu, but said the situation is a consequence of the reforms being implemented by government.
ACF ‘Congratulates’ Bwala Over Admission Tinubu’s Reforms Deepen Poverty
The Arewa Consultative Forum (ACF) has sarcastically “congratulated” Daniel Bwala, Special Adviser to President Bola Tinubu on Policy Communication, for acknowledging that the administration’s economic reforms have contributed to rising poverty and hardship in Nigeria. The ACF Publicity Secretary, Professor Tukur Mohammed-Baba, made the remark during an interview on Arise Television’s News Day on Thursday. […] ACF ‘Congratulates’ Bwala Over Admi…
Presidency Admits Tinubu’s Reforms Pushed More Nigerians Into Poverty - NewsTmes.com.ng
Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has acknowledged that the administration’s economic reforms pushed more Nigerians into poverty. Bwala, however, said the reforms had also delivered “marked progress” despite the hardship experienced by many citizens. He spoke during an interview on Channels Television while discussing the impact of the removal …
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
