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Presidency faults New York Times Report

today06/17/2024 4

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THE Presidency has tackled the New York Times over its report on the current economic situation in Nigeria, saying President Bola Tinubu on May 29, 2023, inherited a dead economy.
Reacting to the report, the special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement, issued on Sunday, said the feature reflected the typical predetermined, reductionist, derogatory, and denigrating way foreign media establishments have reported on African countries for several decades while adding that Nigeria was not the only country in the world facing rising cost of living crisis.
The presidency also justified some of the policy decisions taken by Tinubu’s administration, such as the floating of the naira and fuel subsidy removal, declaring that the policies were taken in the best interest of Nigeria.

Written by: bossgmsi

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The Presidency, on Sunday, insisted that the N250,000 minimum wage clamour by Organised Labour is unsustainable, warning that the Federal Government cannot afford to channel all its resources to meet such a demand. The warning comes two days after the Association of Local Governments of Nigeria raised concerns over the N62,000 being proposed by the FG, describing it as an insult to the intelligence of the average Nigerian worker. Speaking […]

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