In a recent post on Channels tv, the Federal Government has released a mid term review of President Bola Ahmed Tinubu’s administration three years after he assumed office in 2023. The review covered economic conditions, security situation, and policy decisions implemented since inauguration. Key measures introduced during the period include fuel subsidy removal and foreign exchange unification as part of government reforms.
According to a video posted on the Official YouTube channel of Channels Television, while delivering a national address marking his third year in office, President Bola Ahmed Tinubu said, “The country was on the verge of collapse economically and security wise.” He stated that the administration met a system facing challenges across economic, political, and security sectors at the time of assumption of office.
The president said the situation inherited in 2023 affected governance and required policy interventions across key sectors. He noted that the economic conditions at the time included fiscal pressures and structural issues within government systems. He stated that the administration introduced reforms to address those conditions.
Government officials listed fuel subsidy removal and foreign exchange unification among the policy actions taken during the period. The reforms were implemented as part of adjustments to fiscal and monetary frameworks. Authorities stated that these measures were introduced across relevant economic institutions and agencies.
Public reactions to the reforms have varied across different sectors. Some stakeholders have raised concerns about inflation and cost of living, while government representatives have maintained that the policies were necessary adjustments. The administration has stated that implementation of economic policies will continue alongside ongoing governance programmes…..See More
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