{"id":12958,"date":"2024-10-22T10:55:23","date_gmt":"2024-10-22T10:55:23","guid":{"rendered":"https:\/\/www.news.naijatraffic.ng\/?p=12958"},"modified":"2024-10-22T10:55:23","modified_gmt":"2024-10-22T10:55:23","slug":"tinubus-economic-reforms-are-yielding-dividends-presidency","status":"publish","type":"post","link":"https:\/\/www.naijatraffic.ng\/news\/tinubus-economic-reforms-are-yielding-dividends-presidency\/","title":{"rendered":"Tinubu&#8217;s economic reforms are yielding dividends &#8211; Presidency"},"content":{"rendered":"<p>The Presidency has confirmed that the economic reforms of President Tinubu&#8217;s administration are resulting to positive outcomes despite the hardship in the country.<\/p>\n<p>This statement was made by the Special Adviser to the president on information and strategy, Bayo Onanuga on a social media&#8217;s post on Tuesday.<\/p>\n<p>He stated, <em>\u201cIn the first quarter of 2024, Nigeria recorded trade super plus of N65.527 trillion. But by the second quarter, that number rose to N65.945 trillion, a 6.5 percent increase.<\/em><\/p>\n<p><em>\u201cBy half year 2024, we had exported enough to cover half of Nigeria\u2019s N28.77 trillion budget.\u201d<\/em><\/p>\n<p>Recall that on May 29, 2023, President Tinubu stopped petrol subsidy while highlighting the unsustainable costs of N12 trillion over 10 years. It was a result of this that there was a fuel price hike.<\/p>\n<p>During the month of June, inflation increased rapidly to 34.19%. But it is a different lately because it reduced to 32.7% in the month of September.<\/p>\n<p>Most Nigerians have fallen into poverty because of the high cost of living. This was reported by World Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Presidency has confirmed that the economic reforms of President Tinubu&#8217;s administration are resulting to positive outcomes despite the hardship in the country. This statement was made by the Special Adviser to the president on information and strategy, Bayo Onanuga on a social media&#8217;s post on Tuesday. He stated, \u201cIn the first quarter of 2024, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12960,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[430,431,353],"class_list":{"0":"post-12958","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics","8":"tag-bayo-onanuga","9":"tag-economic-reforms","10":"tag-president-bola-tinubu"},"_links":{"self":[{"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/posts\/12958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/comments?post=12958"}],"version-history":[{"count":0,"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/posts\/12958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/media\/12960"}],"wp:attachment":[{"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/media?parent=12958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/categories?post=12958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.naijatraffic.ng\/news\/wp-json\/wp\/v2\/tags?post=12958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}