TINUBU’S REFORMS BOOST STATE REVENUES, SAYS PRESIDENCY

The Presidency has stated that Nigerian states now have significantly more funds available for development projects as a result of the economic reforms introduced by President Bola Ahmed Tinubu’s administration.
Presidential aide, Bayo Onanuga, said the reforms have improved revenue inflows to state governments, creating greater opportunities for investment in infrastructure, education, healthcare, agriculture, and other critical sectors.
According to him, increased allocations from the Federation Account have strengthened the financial capacity of states and enabled many governors to undertake projects that were previously difficult to finance.
Onanuga argued that the reforms, though challenging in the short term, are beginning to yield benefits by improving public finances and enhancing the ability of governments at all levels to deliver development initiatives.
He urged state governments to make prudent use of the additional resources by prioritising projects that directly improve the lives of citizens and stimulate economic growth.
The remarks come amid ongoing debates over the impact of the administration’s economic policies, with supporters highlighting increased revenues while critics point to the cost-of-living challenges facing many Nigerians.