A prominent member of the All Progressives Congress (APC), Chief Hycienth Ngwu, has commended President Bola Tinubu for implementing impactful policies and programmes that are producing tangible results nationwide.
Ngwu, who previously served as the South-East Publicity Secretary of the APC, made this known in a statement released on Sunday in Enugu.
The statement, titled “Laying Solid Foundation for a Prosperous Nation: the President Bola Tinubu’s Strides,” assessed President Tinubu’s two years in office.
He noted that from the moment President Tinubu assumed office, he signaled a departure from the status quo and set out to transform the economy in a way that would benefit not just the current generation but future ones as well.
“From Tinubu’s first day in office, he made it clear that it would not be ‘business as usual’ and he would transform the economy to sustainably cater for all citizens, and those yet unborn,” Ngwu said.
According to him, Nigeria now has a leader with the determination to back his words with action, implementing policies aimed at benefiting all Nigerians, not just a privileged few.
“Nigerians now have a President with strong will-power and who is walking his talk as well as pushing agendas meant to benefit every Nigerian and not a few,” he added.
Ngwu outlined some of what he called “game-changing policies,” which include the removal of fuel subsidy, revitalisation of refineries, floating of the naira, the Nigeria First Policy, tax reform legislation, and inclusive governance across political divides.
“By his removal of the fuel subsidy, he has been able to save trillions of naira which has been put to use for the massive developments in roads, educational, health, power infrastructures among others at both Federal, state and local government levels,” he said.
Ngwu further explained that the country is now refining its crude oil domestically, which is gradually reducing the need for importation and lowering fuel prices, thereby easing pressure on the naira in the foreign exchange market.
“Nigeria as at today is refining its crude oil to petroleum products; thus, minimising importation, gradually reducing petroleum product prices and this has been able to stabilise and ease the pressure on the naira in terms of foreign exchange,” he said.
He emphasized the economic benefits of such stability, saying, “With this stability, businesses can plan and make reasonable projections. Moreover, the exportation of the finished refined products from the country will further strengthen the value of Naira to external currencies.”
Ngwu also highlighted the floating of the naira as another vital policy step, noting its potential to rejuvenate the economy through increased exports and foreign investment.
“This will enhance the real sector’s capacity, create massive employment opportunities and sustainably grow our Gross Domestic Product (GDP),” he said.
He said the “Nigeria First” policy complements this by promoting domestic production and strengthening job security, noting, “The implementation of the ‘Nigeria First’ policy will be the catalyst that will work with the flexible naira policy for a robust increase in manufacturing capacity, employment opportunities, and job security.”
Ngwu drew parallels with global examples to support the policy’s credibility.
“Most advanced countries of today, engaged in this policy one time or the other before their economies stabilised.”
“There was a time we used to degrade made in China products, but today Chinese products are top brands selling in every country. We will achieve this feat, if we maintain the ‘Nigeria First Policy’,” he said.
He further praised the introduction of the Tax Reform Bills, aimed at streamlining tax processes and boosting compliance while addressing the problem of over-taxation.
“The Tax Administration Reform Bills are intended among other things to provide clearer procedures and responsibilities for taxpayers, enhance compliance, and reduce inefficiencies and multiple taxation. Multiple taxation remains the bane of small and medium scale enterprises in Nigeria,” Ngwu stated.
He concluded by asserting that the policies of the current administration are not accidental but strategic and focused on long-term national development.
“All these policies are deliberate and strategic. Things are getting better. The economy is stabilising for sustainable growth. Naira and inflationary pressure are moderating.
“Policy summersault has no place in this administration. What they say, they meant, and they do.
“Inclusivity in governance regardless of party affiliation has been the driving force for the administration in the past two years.
“This explains why the President is at home with almost every person, party, local and foreign institutions,” Ngwu added.
