Despite staggering inflation and high pump prices, Dada Olusegun, presidential media aide, has claimed that President Bola Tinubu’s reforms are beginning to make life easier for Nigerians.
“Reforms at the top are starting to make life easier with cheaper fuel, lower inflation, and real benefits for everyday Nigerians,” Mr Olusegun claimed.
In a statement circulated on X on Friday, Mr Olusegun attributed the improvement in the lives of Nigerians to Mr Tinubu’s shake-up in “Nigeria’s oil and gas industry with three major Executive Orders, cutting delays, bringing back big investors, and setting the stage for cheaper fuel and lower food prices.”
According to Mr Olusegun, the Tinubu-led reforms have led to: “Big investors are returning. Oil production is rising. And ordinary Nigerians are beginning to feel some relief at fuel stations.”
He added, “Dangote, for example, has put 4,000 CNG-powered tankers on the road to move fuel straight from refineries to depots, cutting out middlemen, saving money, and helping petrol prices drop. Lower fuel prices mean cheaper transport, which also helps bring down food costs.”
The presidential aide said the Tinubu-led government’s “first order gives new tax breaks to attract money into Non-Associated Gas (NAG) projects, midstream gas use, and deep-water drilling. The second order deals with high costs and slow projects that have scared investors away.
“The third fixes Nigeria’s painfully slow petroleum contract process, reducing timelines from years to just six months, stretching contract terms to five years with an extra two-year option, and making sure the Business Facilitation Act is followed to speed up approvals.”