A media aide in the administration of President Bola Tinubu, Sunday Dare, on Friday said Nigerians are now enjoying the positive impacts of the government’s economic policies.

“Tinubunomics continues to impact positively on both the economy and Nigerian citizens,” Mr Dare said in a tweet.

He added, “Price inflation of most food stuff is being reversed. Prices of major foodstuffs are dropping. PMS prices are stabilizing.”

Posting a graphic design titled Tinubunomics, an unverified price of food list, embossed with Mr Tinubu’s photo, Mr Dare said, “Kasuwan dawanau in Kano, North-West is the biggest international grains market in West Africa. Millet, maize, rice, sorghum, and Ginger. 

Situated along five major Nigerian borders is back and thriving again.”

Some Nigerians on social media, however, debunked Mr Dare’s claim, lamenting that things were worse under Mr Tinubu.

An X user, @Palermo_seun said, “A crate of egg was sold for 8500 naira but now it is 5500 naira. Things are gradually turning around. More wins for Nigeria.’’

“Of all the things you listed here, which one is below 50k and how much is the minimum wage? No disrespect but you’re disconnected from the common Nigerian, try and come out, and relate with people. Touch the grass outside, and see what people go through daily at least. It’ll help you gain clarity on what to post. Do better and think twice before making some posts,” @echoesofself said.

Less than two years into the Tinubu-led government, naira trades for N1520 against the dollar, a decline from N780 to a dollar Mr Tinubu inherited from his predecessor, Muhammadu Buhari.

In May 2023, when Mr Tinubu assumed office as president, the naira traded for N780 to a dollar. Since Mr Tinubu assumed office announcing fuel subsidy removal and exchange rate unification, the naira has been on free fall, trading for about N1800 to a dollar at some point, while food prices rose.