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ABUJA, Nigeria – Special Adviser to President Bola Ahmed Tinubu on Information and Strategy, Mr. Bayo Onanuga, has stated that the Federal Government has introduced key welfare interventions, including a significant increase in the national minimum wage, to cushion the impact of ongoing economic reforms on Nigerians.
Speaking during an interview on _ARISE TV Prime Time_ on Tuesday night, Onanuga acknowledged that the country is experiencing economic difficulties but maintained that the administration has taken deliberate steps to improve the standard of living for workers and vulnerable households.
“I have people working for me privately and I ask them questions about how they’re surviving and adjusting. This government has increased minimum wage by more than 100%,” Onanuga said. He added that while economic challenges exist, the Tinubu administration is implementing measures aimed at mitigating the effects of recent policy changes.
The presidential aide’s comments come amid widespread public discourse on rising inflation, higher food prices, transportation costs, and overall cost of living. Since the removal of fuel subsidy in 2023 and the unification of the naira exchange rate, prices of essential commodities such as rice, beans, bread, and cooking gas have increased significantly across the country, placing pressure on households and small businesses.
Onanuga noted that the reforms, though difficult in the short term, are designed to achieve long-term economic stability, reduce fiscal waste, and attract investment. He stressed that the government remains committed to monitoring the impact of its policies and adjusting interventions where necessary to protect citizens.
The Federal Government has repeatedly assured Nigerians that the current economic adjustments will yield sustainable benefits, including increased revenue for infrastructure, improved social services, and a more competitive economy. However, concerns over the immediate effects of the reforms continue to dominate public conversations.
Political analysts say the administration faces the critical task of balancing macroeconomic reforms with immediate social relief as it seeks to maintain public confidence ahead of future electoral cycles.
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