The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has described President Bola Ahmed Tinubu’s bold economic reforms as necessary and beneficial, insisting that the removal of fuel subsidy enjoyed nationwide support before it was implemented.
Speaking with newsmen Yilwatda noted that from civil society to opposition politicians, there was broad agreement that subsidy had become unsustainable and that the reforms were inevitable.
According to him, the policy decisions taken by the Tinubu administration such as subsidy removal, exchange rate unification and tax reforms are already yielding dividends across the country.
Yilwatda highlighted that revenues accruing to the Federation Account have risen significantly. He disclosed that while monthly allocations previously averaged about ₦500 billion, the figure has now soared to about ₦2 trillion, boosting the fiscal health of the federal, state and local governments.
“No state is unable to pay salaries today. Governors who once struggled to meet wage obligations are now doing so with ease, thanks to the improved revenue inflow,” he said.
The APC chairman added that the reforms have strengthened financial stability across the three tiers of government, empowering them to focus more on development and service delivery.
He maintained that the administration’s economic choices, though tough at the onset, are laying the foundation for sustainable growth and prosperity, stressing that Nigerians would ultimately enjoy the full benefits as the reforms continue to take root.
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