The Minister of Budget and Economic Planning, Atiku Bagudu, has said the economic strategies and policies of President Bola Tinubu are working.

Atiku Bagudu said the federal government is aware that the choices the administration has taken are tough. He explained that efforts are being made to compensate for the tough choices.

The former governor of Kebbi State stated this on Wednesday at the National Economic Dialogue 2024, organized by the Nigerian Economic Summit Group (NESG), with the theme: “Nigeria’s Economic Future: 25 Years of Democracy and Beyond” in Abuja.

Bagudu explained that democracy in the last 25 years has not delivered on expected promises. He noted that the government of President Tinubu has a strategy that would give the citizens the dividends of democracy.

“But I just want to assure everyone that we have a strategy and it is working. We are under no illusion that it will involve choices that are tough. That is why at every turn, we are looking for resources that we believe can compensate for those tough choices,” Bagudu said.

He added that the speeches and suggestions from other speakers on the policies of the current administration were noted.

“Whatever we are doing, we have taken the message that we need to do more. We need to do better, and we need to do it in a hurry. I believe the dialogue here will help us,” he added.

On his part, the Chairman of the NESG, Mr. Olaniyi Yusuf, said Nigeria has recorded growth in some sectors, including telecommunications, agriculture and services.

Yusuf, however, called on the federal government to address policy inconsistencies and governance deficits.

“Our economy has evolved and we have made strides in various sectors such as telecommunications, agriculture, and services, reflecting our collective efforts to diversify our economy and create opportunities for millions of Nigerians.

“However, as we gather here today, we must also acknowledge the challenges that have persisted, particularly those stemming from policy inconsistencies, governance deficits, and economic vulnerabilities,” Yusuf said.

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