O’tega Ogra, the Senior Special Assistant to the President on Digital Communication and Engagement, declared on Wednesday that the federal government’s economic policies are delivering the intended outcomes.
Ogra made this statement during a briefing at the State House in Abuja, alongside Bayo Onanuga, the President’s Special Adviser on Information and Strategy.
Highlighting recent data from the National Bureau of Statistics (NBS), Ogra noted significant growth in various sectors, particularly agriculture, which has expanded by 3.2 percent.
He added that further growth is anticipated in the near future. “We’re seeing a lot more exports. The same thing with the telecommunications industry, which has expanded by about 9.1 per cent because of new investments in digital infrastructure,” he explained.
Ogra attributed the growth in the telecoms sector to investments in digital infrastructure, including the ongoing installation of fibre optics across the country and other technological advancements.
He further pointed out that foreign direct investments and foreign reserves were also on the rise.
“Most importantly, a couple of days ago, Coca-Cola came here and they finally pledged to invest one billion dollars over the next five years in certain key areas,” Ogra added.
He also highlighted the 4.2 percent growth in manufacturing, as well as the recent engagements between Nigeria and the United States aimed at modernizing the country’s power grid through clean, renewable energy initiatives.
According to Ogra, this project will enhance energy security and boost industrial productivity.
Bayo Onanuga echoed these sentiments, stating that there are clear indicators that President Tinubu’s economic policies are working, although the full effects will take time to manifest.
“It takes some time before people can begin to feel the impact of what we are witnessing,” Onanuga remarked.
He pointed out several positive trends, including rising GDP, a surplus in the balance of trade, and a gradual decline in inflation.
“I’m sure gradually people will begin to feel the impact of what we are witnessing and what the indicators are showing,” Onanuga assured.
He added that while the changes may not be felt immediately, there is light at the end of the tunnel, and economic improvements will soon become more evident across various sectors.
