The Minister of the Federal Capital Territory, Nyesom Wike, says Nigerians could begin to feel the benefits of President Bola Tinubu’s economic reforms within the next two to three years, expressing optimism that the country is moving towards economic recovery....
The Minister of the Federal Capital Territory, Nyesom Wike, says Nigerians could begin to feel the benefits of President Bola Tinubu’s economic reforms within the next two to three years, expressing optimism that the country is moving towards economic recovery.
Wike said the reforms, although difficult in the short term, were necessary to stabilise the economy and lay the foundation for sustainable growth.
“The poor may be struggling now, but things will improve in two to three years,” the minister said, expressing confidence that the government’s policies would deliver better outcomes over time.
He defended the removal of the petrol subsidy and other economic measures, arguing that difficult decisions were needed to address longstanding challenges and put the economy on a more stable footing.
Wike acknowledged that many Nigerians, particularly low-income households, were still grappling with rising fuel and food prices. However, he said the additional resources available to state governments following the reforms offered an opportunity to improve public services and provide support for citizens.
The minister also pointed to developments in the education sector, saying universities had gone three years without strikes. He cited improvements in infrastructure and the position of pensioners as further indicators of progress under the Tinubu administration.
Wike urged state governors to use the increased allocations available to them to improve the welfare of residents, stressing that the benefits of economic reforms should also be reflected in better services and opportunities at the state level.
He cited Adamawa State Governor Ahmadu Fintiri as an example of a governor making efforts to deliver results.
While acknowledging the hardship many households continue to face, Wike maintained that the reforms needed time to produce more visible benefits.
