Tinubu’s Govt. confirms leaked documents, says reforms plan not final

The President Bola Tinubu-led administration had confirmed two leaked official documents detailing specific economic reforms it plans to take are its. The government however said that the documents are not final and still being discussed.

TheCornet reports that the two said documents are the “Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024”, and the Accelerated Stabilisation and Advancement Plan (ASAP). The leaked documents had trended on social media on Tuesday, after a meeting minister of finance, Wale Edun, had with President Tinubu on the same day.

On Thursday, the Presidency said that documents are unofficial as President Tinubu had yet to pronounce executive orders on them.

Bayo Onanuga, Special Adviser to the President on Information and Strategy, who signed the statement, said: “One of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were an executive order signed by President Bola Ahmed Tinubu.

“The other is a 65-page draft document with the title “Accelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy. President Tinubu received a copy of the draft on Tuesday.

“We urge the public and the media to disregard the two documents and cease further discussions on them. None is an approved official document of the Federal Government of Nigeria. They are all policy proposals that are still subject to review at the highest level of government. Indeed, one has a ‘draft’ clearly written on it.”

He quoted Coordinating Minister of the Economy, Edun, as saying: “It is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalised.

“We assure the public that the official position on the documents will be made available after comprehensive reviews and approvals are completed.”

“The government wants to restate that its position on fuel subsidy has not changed from what President Bola Ahmed Tinubu declared on 29 May 2023.

“The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed.”.

The government urged “the media to always exercise necessary checks and restraints in the use of documents that do not emanate from official channels.”

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