Where is the evidence of the subsidy removal? As of today – Nigeria’s debt service to revenue ratio has dropped from a delicate 97% to around 60%. – Nigeria has exited the Ways and Means debt regime. – Over $6bn of inherited forex backlogs have been cleared. – Majority of states and local governments have seen an increase in allocation of more than 40% – MSME grants have been awarded to millions of small entrepreneurs to support their businesses –
Over 10,000 conversion kits have been distributed across the country in the first phase of the CNG initiative implementation. – Thousands of people are currently benefiting from the students loan scheme – Thousands of civil servants(first phase) are currently benefiting from the recently launched Consumer Credit Scheme which will soon be extended to other Nigerians – Wage awards were given to workers to mitigate effects of the subsidy removal.
– Foreign reserves have grown to around $37bn Times are hard but so much is being put in place to make this Nigerian system work for us and the coming generations. President Tinubu will not fail Nigerians! #BelieveInPBAT
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