Tinubu shifting Nigerian economy from consumption to production – Actress Eniola Badmus

Forum 3 days ago

Tinubu shifting Nigerian economy from consumption to production – Actress Eniola Badmus

Nollywood actress, Eniola Badmus has praised the Nigerian economy under President Bola Ahmed Tinubu.

She noted that the country’s imports are decreasing while exports are increasing, indicating an expanding economy.

The actress emphasised that Nigeria, under Tinubu, has made unprecedented progress in trade, highlighting a shift from consumption to production.

On her Instagram story, she wrote: “Our imports are reducing, and our exports are increasing. That is a sign that our economy is expanding.

“For the year-to-date 2024, our imports were N24.44 trillion, while our exports stood at N38.59 trillion. This gives us an unprecedented trade surplus of over N14 trillion in just eight months.

“It has never happened in Nigeria. Never. This is a refreshing shift from consumption to production.”

Her appraisal is against the backdrop of unprecedented hardship and inflation in the country.

Last month, millions of citizens demonstrated against the worsening hardship in the country in a movement tagged ‘End Hunger Protests.’