The Socialist Liberation Movement (SLM), a coalition of 100 civil society organizations, has expressed its support for the economic policies of the Bola Tinubu administration, noting that these initiatives are beginning to positively impact the lives of everyday Nigerians.
Speaking at a press conference in Abuja on Monday, the movement’s convener, Dr. Agabi Emmanuel, commended the administration’s proactive approach to addressing Nigeria’s economic challenges.
Dr. Emmanuel highlighted key policies such as the removal of fuel subsidies and the floating of the naira, which he said have shown promise in restoring confidence in the nation’s economy.
The establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) also received praise for strengthening Nigeria’s economic governance structures.
According to the SLM, the administration’s commitment to infrastructure development, including roads, railways, and energy projects, is commendable. These efforts, implemented through public-private partnerships, are expected to reduce transportation costs and improve access to markets across the country.
Dr. Emmanuel also acknowledged significant strides in advancing Nigeria’s digital economy. Initiatives such as the Digital Nigeria program, which focuses on broadband expansion and supporting tech startups, were lauded for driving innovation, boosting financial inclusion, and creating new job opportunities.
The Tinubu administration’s emphasis on agricultural transformation was another key point of praise. Programs like the Food Security and Agricultural Mechanization Programme and the National Agriculture Growth Scheme-Agro-pocket have been identified as having the potential to increase food production and reduce dependence on imports.
Overall, the SLM emphasized that these economic policies and initiatives are beginning to yield tangible benefits for ordinary citizens, signaling a brighter future for Nigeria’s economy.
“After an extensive scrutiny of some of the policies introduced by the present administration, It was observed that President Bola Tinubu has taken steps to restore confidence in the economy by reducing inflation, stabilizing the foreign exchange market, and improving fiscal management,” the statement added.
“He has also invested in infrastructure development, such as roads, railways, and energy projects, to support economic growth,” the statement said.
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