Presidential spokesperson Bayo Onanuga has stated that President Bola Ahmed Tinubu's administration has created wealth-generating opportunities for Nigerians through its economic reform policies.

Speaking to journalists in Lagos on Sunday, Onanuga emphasized that the administration's policy implementations over its first two years have particularly boosted opportunities in the agricultural sector, especially in exports.

"This economy has opened up opportunities in many forms for Nigerians. Those who can really exploit it. And they are making money," Onanuga said, citing examples of individuals profiting from exporting agricultural products including cocoa and zobo.

Key Economic Reforms

Onanuga specifically highlighted two major economic policies implemented by the Tinubu administration: the removal of fuel subsidies and the floating of the Naira. According to the presidential spokesperson, these measures, though initially challenging, have been instrumental in driving economic growth.

He expressed confidence that the positive impacts of these policies would soon be felt by a majority of Nigerians, suggesting that the benefits are beginning to materialize but have not yet reached all segments of the population.

Mixed Public Reception

Onanuga's comments come amid varied public reactions to President Tinubu's performance as the administration marked its second anniversary on May 29, 2025. While the government points to economic reforms as laying groundwork for future prosperity, many Nigerians continue to express concerns about the immediate impact on their daily lives.

The administration has faced criticism over the cost-of-living challenges that followed some of these economic reforms, particularly the fuel subsidy removal which led to increased transportation costs and higher prices for goods and services.

However, Onanuga maintains that these difficult decisions were necessary steps toward building a more sustainable and prosperous economy for Nigeria in the long term.