The Presidency has dismissed a report by the New York Times on Nigeria's economic situation, stating that President Bola Tinubu inherited a struggling economy on May 29, 2023. The report failed to acknowledge the challenges Tinubu inherited, including a debt-laden economy, dwindling revenue, and widespread poverty.
According to the Presidency, the previous administration left a legacy of economic mismanagement, corruption, and inefficiency. The government has made significant progress in revamping the economy, implementing reforms to promote growth and development, and tackling corruption.
The Presidency argued that the report's negative narrative is unfair and does not reflect the progress made so far. Despite the challenges, the government has taken bold steps to diversify the economy, invest in infrastructure, and improve the business environment.
The response highlights the government's efforts to address the economic woes and promote a positive narrative about Nigeria's economic prospects. The Presidency emphasized its commitment to transparency, accountability, and sustainable economic growth.