The Presidency has launched a robust response to the New York Times’ report on Nigeria’s economic situation, characterizing the article as “jaundiced”, “misleading”, and “typical of the predetermined and derogatory manner” in which foreign media outlets often report on African countries.
In a comprehensive statement, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Sunday, presented a detailed rebuttal, emphasizing that President Bola Tinubu inherited an economy in shambles when he assumed office in May 2023.
The Presidency painted a stark picture of an economy bleeding from decades of mismanagement, with a staggering infrastructural deficit, unsustainable fuel subsidy regime, and a currency in free fall.
