The statement made by Ajuri Ngelale, President Bola Tinubu’s Special Adviser on Media and Publicity, regarding the increase in Nigerians’ spending power has sparked outrage among citizens.
In a recent interview with TVC News, Ngelale discussed the performance of the Nigerian naira relative to the US dollar and highlighted perceived improvements in the country’s economic stability.
Ngelale suggested that Nigerians have witnessed a significant increase in their spending power in recent months due to reforms implemented by the government, particularly within the Central Bank of Nigeria.
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He emphasized the importance of currency stability for effective financial planning.
However, the resurgence of this interview on social media has elicited criticism from Nigerians, who argue that the current economic realities contradict Ngelale’s assertions.
Many citizens are facing severe economic hardships, with inflation leading to soaring prices of essential goods and services. The recent fuel price hikes and naira devaluation have further exacerbated the situation, significantly reducing the purchasing power of Nigerians.
The disparity between the government’s statements and the lived experiences of citizens underscores the disconnect between official narratives and the harsh economic realities faced by many Nigerians.
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