FG won’t abandon microeconomic prosperity — APC national chairman

NATIONAL chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has acknowledged growing reservations about the direction of the Nigerian economy.

At a policy roundtable, held in Abuja, on Tuesday, and organised by the All Progressives Congress Professional Forum, the APC chairman assured Nigerians that the present administration would soon shift its focus from macroeconomic stability into microeconomic prosperity.

Amidst growing external reserves, increase in Gross Domestic Product and a relative stability in foreign exchange rate, Nigerians have continued to groan over poor purchasing power.

Professor Yilwatda, who represented President Bola Tinubu at the event, to present the scorecards of his administration, declared that the next phase of Renewed Hope would translate to more food, stronger purchasing power for the average Nigerian.

He said: “A good GDP number does not automatically put food on a family’s table. Stronger reserves do not pay school fees. A stronger stock market does not automatically put money into the pocket of a market woman.

“Therefore, we are in the next phase of Renewed Hope which must translate macroeconomic stability into microeconomic prosperity: more food, more jobs, lower inflation, affordable credit, reliable power, more manufacturing, greater exports and stronger purchasing power.”

In a veiled allusion to the declaration by the presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, to return fuel subsidy regime, the APC national chairman advised Nigerians to pick between consolidation of the progress in the economy and a return to the years of fiscal pressures.

ALSO READ: NYSC hails safe rescue of abducted corps members in Kogi

He said: “As we approach 2027, Nigerians will hear many promises. Some will promise to reverse the reforms; others will promise prosperity without confronting the structural problems that brought us here. The question is whether we go backwards or consolidate and improve the progress we have begun.

“For the All Progressives Congress, the answer is clear. We choose progress, productivity, investment, infrastructure, innovation, Nigerian enterprise, exports, human capital, and we choose President Bola Ahmed Tinubu. And we choose the ambition of a $1 trillion Nigerian economy by 2030 by Mr President for our common prosperity.”