Tinubu To Lay Sound Foundation For Prosperous Economy – NOA DG

Alh. Lanre Isa-Onilu, Director General of the National Orientation Agency (NOA), asserts that President Bola Tinubu is establishing a robust foundation for the nation’s economy.

He commended President Tinubu for his strategic planning approach and his aversion to temporary fixes.

Isa-Onilu expressed these sentiments in Ilorin during the 46th Media Parliament organized by the Nigerian Union of Journalists (NUJ), Kwara Council.

The Media Parliament serves as a platform for influential figures such as policymakers, politicians, and high-net-worth individuals to engage in discussions on pertinent issues of local, national, and international importance.

Highlighting President Tinubu’s track record of successful policy planning, Isa-Onilu referenced the Ehingbeti, Lagos Economic Summit, which was reinstated during Tinubu’s tenure in Lagos.

He emphasized that Ehingbeti laid out a comprehensive 25-year blueprint for Lagos, enabling the state to operate efficiently.

This systematic approach to the Lagos economy ensures that incoming governors have a structured plan in place.

Isa-Onilu drew parallels between the current state of the Nigerian economy and a dilapidated building that necessitates evacuation for reconstruction.

He emphasized President Tinubu’s commitment to avoiding superficial solutions, unlike previous administrations in the past decade. Isa-Onilu warned that failure to rebuild the economic structure could lead to catastrophic consequences.

Drawing from the success of Ehingbeti in Lagos, the NOA Director General highlighted President Tinubu’s efforts in establishing a more sustainable framework for the country’s economic future.

He elaborated on the impact of the government’s decision to phase out subsidies, noting that it has resulted in significant revenue savings that have been reinvested into the economy.

Previously, approximately N800 billion was allocated to states for distribution. However, with the removal of subsidies, an excess of N2.3 trillion has been disbursed to the states.

This shift has led to improved debt management and a notable boost in market activity.

As a result, investors are increasingly interested in opportunities within Nigeria.