Yesterday, the Presidency rejected a New York Times (NYT) report that blamed President Bola Tinubu’s policies for the prevailing economic woes.
A statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said economic problems were bequeathed to the Tinubu Administration.
He said the NYT’s report was jaundiced and failed to mention the positive aspects of the economy and the policies being initiated to cushion the effects on the citizens.
Insisting that the NYT got its facts wrong, the special adviser said the fuel subsidy regime and the multiple exchange rates were unsustainable, adding that they had bled the economy.
“Ruth Maclean and Ismail Auwal’s feature story with the title: ‘Nigeria confronts its worst economic crisis in a generation’, published on June 11 appeared typically predetermined and followed the usually denigrating way foreign media establishments reported African countries for several decades”, Onanuga said.
The government, the statement said, has been working hard to address food inflation and restore economic growth.
