There is light at the end of the tunnel – Minister of Budget and Economic Planning, Bagudu tells Nigerians

The Federal Government has assured Nigerians of better days to come as it continues to roll out policies to revive the nation’s economy. Since assuming office last year, President Bola Ahmed Tinubu has implemented significant reforms aimed at economic recovery and attracting foreign investment.

However, measures such as the removal of the fuel subsidy and the naira float have led to increased fuel prices and the highest inflation rates in three decades.

Bagudu stated, “There is indeed light at the end of the tunnel,” pointing to early signs of improvement as evidence of progress.

“These governance and institutional reforms have helped to improve our macro-economic performance,” He noted. “Our GDP grew from 2.98% in Q1 2024 to 3.19% in Q2 2024, inflation is trending downwards, and our external reserves are improving.”