Nigerians Still Enjoy The Lowest Cost Of Living In Africa — Federal Government Boast

The Federal Government has claimed that Nigerians are enjoying the lowest living costs in Africa.

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, said this in a statement on Sunday, February 4, while reacting to the recent allegations by the former Vice President, Atiku Abubakar against president Bola Tinubu.

Atiku had in a statement accused the President of poor response to numerous challenges facing Nigeria, among others.

According to Onanuga, “Atiku’s claims that the private sector is shrinking and that multinational companies are leaving our companies in ‘droves’ are not grounded on facts.

His claim that the government’s policies have created intense cost of living pressures are also not grounded on facts as recent comparative cost of living indices show that Nigerians still enjoy the lowest cost of living in Africa

Atiku should be honest enough to admit that President Tinubu inherited a weak economy, which to all intents and purposes and to ensure the survival of our country needs a complete overhaul.

The economy was plagued by decades of significant fiscal deficits, a low revenue base, high external and domestic debts, and huge debt service burden.

President Tinubu is focused on solving our economic and security challenges. The fiscal and monetary policies his administration is pursuing are delivering unprecedented value to investors on the Nigerian Stock Exchange.”