The FGN through the President’s Office clarified that two fiscal policy documents, which have gained significant attention on mainstream and social media, are not official.
Bayo Onanuga, the Special Adviser on Information and Strategy, made this statement in Abuja on Thursday.
He noted that one of the documents, titled “Inflation Reduction and Price Stability (Fiscal Policy Measure, etc) Order 2024,” was being circulated as though it were an executive order signed by President Bola Ahmed Tinubu.
He explained that the second document is a 65-page draft titled “Accelerated Stabilisation and Advancement Plan (ASAP),” containing suggestions for improving the Nigerian economy. He clarified that President Tinubu received a copy of the draft on Tuesday.
Quoting the Coordinating Minister of the Economy, Mr. Wale Edun, the Minister emphasized, “It is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalized.”
Edun stated that reports arising from the two documents have led to speculation regarding the government’s stance on customs tariffs, fuel subsidies, and other economic issues.
