A coalition of civil society organisations, the Socialist Liberation Movement (SLM), has said the economic policies of President Bola Tinubu are beginning to yield tangible benefits for ordinary Nigerians.
The organisation, which expressed its support for the policies of the current administration, noted 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, Agabi Emmanuel, commended the administration’s proactive approach to addressing Nigeria’s economic challenges, stating that 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.
Emmanuel also applauded the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET), saying both teams have strengthened Nigeria’s economic governance structures.
According to the organisation, the administration’s commitment to infrastructure development, including roads, railways, and energy projects, is commendable, adding that the efforts, implemented through public-private partnerships, are expected to reduce transportation costs and improve access to markets across the country.
Emmanuel also acknowledged significant strides in advancing Nigeria’s digital economy, saying initiatives such as the Digital Nigeria programme, 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. Programmes like the Food Security and Agricultural Mechanisation 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 emphasised that these economic policies and initiatives are beginning to yield tangible benefits for ordinary citizens, signaling a brighter future for Nigeria’s economy.
“After 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, stabilising the foreign exchange market, and improving fiscal management.
“He has also invested in infrastructure development, such as roads, railways, and energy projects, to support economic growth,” the statement said.
Emmanuel said that with the commitments to training three million youths in digital technology and creating one million new tech jobs, the administration is poised to unlock Nigeria’s digital potential and drive sustainable economic growth.
“The Bola Tinubu administration has implemented transformative initiatives to boost Nigeria’s agricultural sector, prioritising food security and economic growth. Notably, the Food Security and Agricultural Mechanization Programme aims to enhance food production and reduce import reliance.
“Additionally, the National Agriculture Growth Scheme-Agro-pocket provides training, certified inputs, and subsidized irrigation equipment to millions of farmers, increasing productivity and incomes.
“President Tinubu’s declaration of a state of emergency in the agriculture sector underscores the administration’s commitment to addressing sectoral challenges, while initiatives like the Green Imperative Programme and partnerships with international organizations further demonstrate the government’s dedication to transforming Nigeria’s agricultural landscape,” the movement added.
