33 governors can’t be wrong backing Tinubu, says Onanuga

Bayo Onanuga, President Bola Tinubu's Special Adviser on Information and Strategy, has defended the President's economic record, stating that 33 state governors cannot be wrong in backing his administration. In a post on X, Onanuga cited falling food prices, increasing foreign reserves, improved access to foreign exchange and renewed foreign investment as proof of progress under Tinubu, who took office in May 2023.

Reacting to criticism from Arise Television, Onanuga accused TV anchors of pushing the opposition's narrative that there has been little or no improvement since Tinubu became President. He pointed to a decline in the cost of staple food, with the price of a bag of rice falling from about N120,000 to below N50,000, as evidence of the administration's economic policies taking effect.

Onanuga also highlighted Nigeria's foreign reserves, which are close to $60 billion, and the ability of Nigerians to use naira-denominated bank cards abroad as further indicators of economic improvement. He urged critics to assess prices in markets and noted that investors are returning to Nigeria not just as portfolio investors but as foreign direct investors, bringing capital into the country and creating jobs.

Onanuga maintained that the support of 33 governors for Tinubu demonstrated confidence in the President's leadership and economic direction, dismissing partisan hostility as a factor influencing perceptions of the administration's performance.