Bayo Onanuga, Special Adviser on Media and Publicity to Bola Tinubu said that Tinubu inherited a nation on the brink, bleeding financially, and that he stopped this economic bleeding by initiating much-needed reforms.
He said this on Saturday in an interview with PUNCH.
According to Onanuga, “When the President took over, that year’s budget allocated 97 per cent of our revenue to service debt. So if you’re spending 97 per cent on debt servicing, how much is left? So the government before Tinubu was borrowing money for recurrent expenditure. Less than N1tn was devoted to capital projects. Nigeria was haemorrhaging heavily.
“So this is the situation that President Bola Tinubu met. Things were bad. Nigeria was bleeding. And it was his duty to stop that bleeding.”
When asked if Tinubu has done well in his One year in office, he continued, “The President would be the first person to say that the last one year has been bumpy. Don’t forget that I said he took very bold measures from Day 1. He ended subsidy.
READ ALSO: Peter Obi’s Alma Mater Celebrates Students for Winning World Affairs Challenge
“What the President has done is a wake-up call saying, ‘look, things are bad and if we continue on this path, we’re going to hell.’ So, he brought the country back from the brink instead of us continuing to slide down into serious problems.
“When he found that some of his policies had unintended consequences, you can see the inventions he brought into play to bring succor to the vulnerable people in our country,” he said.
Follow the Parallel Facts channel on WhatsApp: https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
