The All Progressives Congress (APC) has defended the economic reforms introduced by President Bola Tinubu, stating that Nigerians are becoming more confident in the country’s direction under his administration.

Speaking on Channels Television’s Sunday Politics, the APC National Publicity Secretary, Felix Morka, argued that the economic situation today is significantly better compared to 2023 when the Tinubu administration assumed office.

According to him, many of the economic indicators inherited at the time were distorted, particularly in the foreign exchange market, subsidy regime, and general pricing structures.He described the previous system as heavily influenced by artificial or unrealistic figures that did not reflect the true state of the economy.

Morka explained that the current reforms, including the removal of fuel subsidy and restructuring of the foreign exchange system, were necessary steps to address these long-standing distortions.

He maintained that although the reforms may have short-term challenges, they are helping to stabilise the economy and make it more transparent and predictable.

He further stated that Nigeria’s foreign reserves have improved, rising significantly compared to earlier levels, and this has contributed to growing investor confidence.

According to him, increased investment interest across sectors such as oil and gas shows that global investors are beginning to take Nigeria more seriously.

Morka also stressed that comparing the current economic conditions with those of 2023 may be misleading due to the structural issues that existed at the time.

He insisted that what Nigerians are experiencing now is a more realistic economic environment, which is essential for proper planning and long-term development.

Overall, the APC maintained that the Tinubu administration’s reforms are laying a stronger foundation for future economic growth despite ongoing public debates about the impact on living conditions.