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Tinubu’s monetary policies gradually strengthening the naira, says senior aide, Sunday Dare  

The Special Adviser on Media and Public Communications to the President, Mr. Sunday Dare, has credited President Tinubu’s decisive reforms with the recent appreciation of the Naira.

During a media appearance, Dare stated that the unification of exchange rates and market-driven economic policies have strengthened the Naira, reducing inflationary pressure. He explained that the currency, which had weakened to ₦1,700 per dollar, is now stabilizing at around ₦1,400, with further improvements expected.

He praised the administration’s strategic fiscal and monetary measures, affirming that they are restoring investor confidence and positioning Nigeria for long-term economic stability.

Tinubu’s economic reforms boosting revenue, quantum foreign Investments

Special Adviser on Media and Public Communications to the President, Mr. Sunday Dare, has said that collectable revenue generation in the country has improved significantly under President Tinubu’s leadership.

Speaking on television, Dare disclosed that government revenue from taxes and foreign investments has surged, with tax revenues hitting ₦22 trillion. He noted that foreign investments exceeding $50 billion have been attracted due to the administration’s business-friendly policies.

Dare assured Nigerians that the reforms, though initially tough, are designed to ensure shared prosperity and economic growth for all.

Social investment programs expanding under Tinubu’s administration

President Tinubu’s administration is strengthening social welfare programs to cushion the effects of economic reforms, according to the Special Adviser on Media and Public Communications, Mr. Sunday Dare.

During a media interview, Dare revealed that over 6.5 million Nigerians have benefited from direct cash transfers under the national social investment program. He also disclosed that 70 million Nigerians are set to receive ₦75,000 each in ongoing disbursements, while 774 young healthcare professionals will receive automatic employment after completing the National Health Fellows program.

Dare emphasized that these interventions reflect Tinubu’s commitment to ensuring that economic reforms do not leave vulnerable Nigerians behind.

Tinubu’s energy policies forcing down fuel prices, expanding CNG patronage

President Tinubu’s removal of the fuel subsidy and comprehensive oil sector reforms are already yielding results, with fuel prices beginning to drop, according to Mr. Sunday Dare, Special Adviser to the President.

During a media appearance, Dare pointed out the emerging price competition among oil marketers, particularly between Dangote Refinery and NNPC, which has led to a reduction in petroleum product costs. He also highlighted the government’s investment in Compressed Natural Gas (CNG) as an affordable alternative for transportation, with millions of conversion kits being distributed nationwide.

Dare noted that the increased adoption of CNG will further reduce transportation costs and stabilize the energy sector in the coming months.

Tax reforms easing burden on businesses, driving economic growth

The Tinubu administration has significantly reduced multiple taxation, easing the financial burden on businesses, according to the Special Adviser on Media and Public Communications, Mr. Sunday Dare.

Speaking in an interview, Dare explained that the government has streamlined over 51 different taxes down to just 10, a move designed to encourage business growth and attract investments. He also highlighted the Bank of Industry’s (BOI) single-digit loans as a crucial support mechanism for small and medium-sized enterprises (SMEs).

Dare assured that these reforms will empower businesses, create jobs, and stimulate economic expansion across various sectors.