Tinubu Moving Nigerian Economy From Consumption To Production - Eniola Badmus - The Alternative News - The Alternative News

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Sunday, September 15, 2024

Tinubu Moving Nigerian Economy From Consumption To Production - Eniola Badmus - The Alternative News

 



Nollywood actress and Special Adviser to the Speaker of the House of Representatives on Social Events, Eniola Badmus has praised the Nigerian economy under President Bola Ahmed Tinubu. 

 Badmus who spoke on Sunday in a statement sighted by New Telegraph on her official Instagram page, emphasised that Nigeria, under Tinubu, has made unprecedented progress in trade, highlighting a shift from consumption to production.

She noted that the country’s imports are decreasing while exports are increasing, indicating an expanding economy.

She wrote: “Our imports are reducing, and our exports are increasing. That is a sign that our economy is expanding.

“For the year-to-date 2024, our imports were N24.44 trillion, while our exports stood at N38.59 trillion. This gives us an unprecedented trade surplus of over N14 trillion in just eight months.

“It has never happened in Nigeria. Never. This is a refreshing shift from consumption to production.”

Her appraisal is against the backdrop of unprecedented hardship and inflation in the country.

Recall that last month, millions of citizens demonstrated against the worsening hardship in the country in a movement tagged ‘End Hunger Protests.'

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