The All Progressives Congress (APC) has maintained that Nigerians are increasingly confident in the leadership of President Bola Tinubu, insisting that ongoing economic reforms are gradually restoring stability and improving public trust in the economy.
The party’s National Publicity Secretary, Felix Morka, stated this while speaking on Sunday Politics on Channels Television, where he defended the administration’s economic direction and its impact since taking office in 2023.
“I think that Nigerians have every reason to feel more confident about their country and, therefore, more hopeful about the future, because the state of affairs in this country as of 2023 compared to today is actually like comparing night and day,” he said.
Morka argued that the economic conditions inherited in May 2023 were heavily distorted and did not reflect the true state of the country’s economy, especially in areas such as exchange rates and cost of living.
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“As of May 2023, this country was not doing well. All of the fundamental numbers were off.
“From the exchange rates to just basic living, it was all phantom. A lot of it was phantom, and I say ‘phantom’ because it was not real because the distortions in the economy were overwhelming in every facet,” he said.
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He added that making a direct comparison between 2023 and the current economic situation requires acknowledging the structural issues that existed before the reforms were introduced.
“So it’s difficult to make that comparison between 2023 and 2025 because a lot of what you had then was unreal, and that’s the distortion that this government keeps talking about,” he said.
According to him, the Tinubu administration has taken steps to correct these distortions by implementing key reforms such as the removal of fuel subsidy and changes to the foreign exchange system.
“What this president has done since 2023 is to really tackle the root causes of all of those distortions—whether it was the fuel subsidy or whether it was the crazy arbitrage in the foreign exchange system. None of that was real.
“And so what Nigerians are dealing with today is closer to reality. And when you plan with reality, then you are more likely to actually have outcomes and results that are more realistic, more defensible, and more promising in terms of the future,” he stated.
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Morka also cited improvements in Nigeria’s foreign reserves and rising investor confidence as signs that the reforms are beginning to yield positive results.
“And today, like you said, we’ve gone from 50 billion. That counts for something because the world is taking us more seriously today, which is why you see a lot of investment, new investment coming in, in all the sectors, whether it’s oil and gas or other sectors.
“People are coming in to invest because they have more confidence,” he said.
