Makinde Faults FG’s Economic Recovery Claims, Says Nigerians Still Hungry
Oyo State Governor and presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has accused President Bola Tinubu of using Nigeria’s rising foreign reserves to create a false impression of economic…
The Tinubu administration has repeatedly pointed to rising external reserves and macroeconomic indicators as evidence that its reforms — including the removal of the petrol subsidy and the unification of exchange rates — are stabilising Nigeria's economy. Officials argue these steps, though initially painful, are laying the ground for long-term recovery, and have cited reserve accretion as a sign of improved investor confidence and fiscal buffers.
Critics, including opposition politicians, have long questioned whether such macro indicators translate into relief for ordinary Nigerians, who continue to grapple with high inflation, food prices and a weakened naira. Seyi Makinde's remarks add to this ongoing debate, framing the gap between official growth narratives and lived economic hardship as a central point of contention. Both reports agree on the core of his criticism, though neither provides details on specific figures Makinde cited or how the presidency has responded.