This nickname is a veiled reference to the Tinubu administration’s harsh economic policies. During an interview on Channels TV‘s Sunday Politics, Onanuga clarified that President Tinubu’s goal is to “repair the economy,” not inflict pain on Nigerians.
Onanuga emphasized that President Tinubu is aware of the difficulties Nigerians are facing but is working hard to provide relief and promote prosperity. He dismissed the nickname as a “non-issue,” stating that the president has never shied away from acknowledging the citizens’ pain. Onanuga also noted that despite challenges, Nigeria’s economy is experiencing growth, with a 3.19% year-on-year growth in Q2 2024.
The economic growth is driven by the oil sector, which expanded by 10.15% in Q2, and the non-oil sector, which maintained solid growth at 2.80%. The services sector, accounting for 58.76% of GDP, played a significant role in this growth, with Financial and Insurance services growing by 28.79% and Information and Communication by 5.17%.
Onanuga’s statement highlights the administration’s commitment to addressing Nigeria’s economic challenges. Despite unprecedented inflation, the country is moving forward, with President Tinubu targeting a growth rate of about 3.8% in 2024 and 6% or more in the coming years.
TimesNow.com.ng earlier reported that President Tinubu has reappointed at least two ex-President Muhammadu Buhari’s former appointees in his recent cabinet reshuffle.
The president, while cleaning up his cabinet, sacked five ministers, including that of education and women’s affairs.
Tinubu named seven new ministers, which included one of Buhari’s former appointees, and reassigned ten other ministers in the rejig.
Source: TimesNow.com.ng
