Posted by Key moves previously made by President Bola Ahmed Tinubu’s government are receiving praise from Nigerians two weeks after his inauguration.
The President has since made some unexpected moves, including the withdrawal of gasoline subsidies and the suspension of the Governor of the Central Bank of Nigeria, CBN, after Tinubu was sworn in on May 29, 2023.
Following the suspension of Godwin Emefiele due to his appalling management of the nation’s monetary system for the previous nine years, the Central Bank of Nigeria became the first organization to suffer the stroke of Tinubu.
Abdulrasheed Bawa, the Economic and Financial Crime Commission, EFCC, Chairman who has been suspended following a serious corruption charge, had a similar punishment.
By speaking confidently about these topics not as a candidate but as the President, many citizens are now persuaded that the President is aware of the situation in Nigeria.
Some Nigerians even believe that the current administration has made decisions that the previous administration took months or years to make or completely neglected.
Some people think Nigeria’s achievements are attributable to the crucial economic choices the country has made thus far.
These include the elimination of fuel subsidies, the ratification of the Electricity Act of 2023, the Data Protection Act, the Student Loan Act, and others.
There are also rumors that the Federal Inland Revenue Service, the Nigerian Customs Service, and the Nigerian Maritime Administration and Safety Agency, together known as NIMASA, have advocated merging.
In order to facilitate the effective collection of all direct and indirect taxes, as well as levies on behalf of the Federal Government, the council advocated the merger.
Many Nigerians think the President is expressing everything one would anticipate from a conscious leader who genuinely wants to grow the country, despite the fact that parts of his ideas and direction are still ambiguous.
However, this has an impact on Nigerians’ costs for products and services. During his Democracy Day broadcast, Tinubu pleaded with the populace to wait a little time.
Prof. Adigun Agbaje, a former deputy vice chancellor at the University of Ibadan, said the measure was a positive move while discussing the effects of the students’ loan program.
He asserts that Nigeria needs a government with the capacity to solve the challenges facing the education system comprehensively.
“This initiative is an appropriate course of action. It’s a significant step that suggests that possibly this administration will tackle important concerns left over from the previous administration and advance efforts to move the nation forward.
“It is a positive development; there will inevitably be difficulties, but they will be overcome as they arise. This is a positive move, but it will only have a greater impact until we start to address the remainder of the economic leaks, he stated on Arise TV.
Here are some Nigerians’ social media reactions to Tinubu’s economic choices.
@AyoBankole, President Tinubu deserves praise for making decisions quickly. You can criticize his choices, his initiatives, and the consequences that result from them in the long run, but at least you can’t criticize him for his initial inaction, especially in comparison to the drowsy retiree we had with Bubu.
@Obi_Nwosu, “President Tinubu did not lie when he said he would get started right away.”
“Subsidy, gone,” said @Ogenidipo. No more multiple exchange rates. Adoption of the Education Loan Bill. Signed Data Protection Bill. Dialogue prevents a labor strike.
“Bola Ahmed Tinubu is off to a strong start. Long live progressive measures that serve the needs of the populace.
I’m @Akin Oyebode. “Subsidy and the fixed exchange rate will be eliminated in two weeks. The PBAT economic program is definitely in motion. Although the next few months will undoubtedly be challenging, two crucial steps for long-term macroeconomic and budgetary recovery have been taken.
@GoziconC, President Tinubu is already operating like he has been in Aso Rock for four years despite having just been in office for 11 days.
“President Tinubu has met with the Governors of 36 states, the Oil Marketers, sworn in the SGF, and his aides are working.
“The Nigerian GDP is expanding quickly, and our economy is recovering. I’m positive we made the proper decision.