By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Onanuga: Nigerians Forget Pre-Tinubu Challenges, Defends President’s Reforms
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Onanuga: Nigerians Forget Pre-Tinubu Challenges, Defends President’s Reforms

Oluwadara Akingbohungbe
By Oluwadara Akingbohungbe
Published: May 31, 2025
Share
3 Min Read
SHARE

Bayo Onanuga, Special Adviser on Media and Information Strategy to President Bola Tinubu, has asserted that many Nigerians blame the President for the nation’s woes due to what he describes as a “short memory” of the country’s condition before Tinubu assumed office.

Speaking during an interview on Arise TV, Onanuga argued that critics of the administration often overlook the dire circumstances Tinubu inherited in May 2023. “Let me start by saying that many of us in this country, many Nigerians, we sometimes exhibit the problem of lack of memory. We have very short memory. We forget where we started from and we just start blaming President Tinubu for all the problems that Nigeria is going through,” he stated.

Onanuga recalled the severe fuel crisis that plagued Nigeria in the months leading up to the 2023 general elections, highlighting persistent shortages and long queues. He explained that the Nigerian National Petroleum Company (NNPC), then the sole importer of fuel, had scaled back imports because the federal government owed it over ₦4 trillion in unpaid subsidy claims, leaving NNPC unable to pay its foreign suppliers.

It was under these circumstances, Onanuga noted, that President Tinubu announced the removal of the fuel subsidy on his first day in office. This decisive move led to a sharp increase in pump prices, but was necessary to restore fuel supply and stabilize the sector.

- Advertisement -

Onanuga emphasized that maintaining the subsidy was unsustainable, as the country lacked the resources and was spending money meant for future generations. He acknowledged the hardship that followed but insisted the administration has been transparent about the challenges and has introduced measures to ease the burden on citizens.

He further pointed to achievements such as fixing the foreign exchange system and tackling long-standing issues like arbitrage, which previous governments had ignored. “So I want to start from there and say, look, Nigeria should give this President some credit for stopping the arbitrage that characterised the foreign exchange regime under previous administrations, including PDP,” Onanuga said.

He concluded by urging Nigerians to recognize the tangible benefits of the reforms, stating, “You can see the results, the gains that have accrued to this country, the reforms that have taken place, and the gains are showing and to the benefit of our people.”

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Bayo OnanugaBola Tinubuforeign exchange reformFuel subsidy removalNigeria economyNigerian fuel crisisNigerian government reformsNigerian National Petroleum CompanyNNPCpresidential administration
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Rivers State Government Refutes Julius Berger Withdrawal Rumors, Calls Reports Malicious
Next Article Access Bank Plc Finalizes Acquisition of National Bank of Kenya, Expanding East African Footprint

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 3 weeks ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

BREAKING: Thunder Claim NBA Title After Overcoming Pacers in Game 7 Thriller
Sport Top stories
Gunmen Attack French Wedding in Goult, Bride Killed
International
Troops Capture Eight Suspected Kidnappers, Free Two Victims in Kwara State
News Security
Julius Bio Elected as New ECOWAS Chairman, Succeeds Tinubu
News
JAMB
JAMB Schedules Mop-Up Exam for June 28
Education
- Advertisement -
Ad imageAd image

You May Also Like

News

Tinubu Denounces Plateau Travellers’ Killings, Orders Immediate Arrest of Perpetrators

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 22, 2025
InternationalNews

Iran Downplays U.S. Strikes on Nuclear Sites, Warns of ‘Everlasting Consequences’

Muhammad A. Aliyu
Muhammad A. Aliyu
June 22, 2025
InternationalNews

Trump Confirms U.S. Bombed Iran’s Nuclear Sites

Muhammad A. Aliyu
Muhammad A. Aliyu
June 22, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?