Senate President Godswill Akpabio has stated that those defecting to the All Progressives Congress (APC) are showing gratitude to the President Bola Tinubu-led administration for what it has achieved.
Speaking on Friday in Abuja during the inauguration of the APC convention sub-committee on programmes and events, Akpabio stated that Tinubu inherited a “foamy economy” when he assumed office in 2023.
He, however, stated that the administration had taken key decisions to stabilise the economy.
He said the national assembly would continue to support the reform agenda of the Tinubu administration.
“The National Assembly will continue to support the agenda of the President Tinubu-led government in his efforts towards taking the country out of the woods.
“President Tinubu met what can be described as a foamy economy.
“He had to put on his thinking cap by harmonising the exchange rate and the removal of the fuel subsidy, which was a drainpipe on the economy,” he said.
Akpabio said the administration had also introduced tax reforms aimed at increasing government revenue.
“He has also put in place the tax reforms, which have increased national revenue from the non-oil sector through the National Revenue Service,” he said.
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He added that the reforms had also resulted in increased allocations to sub-national governments.
Akpabio said recent defections of opposition politicians to the APC reflect confidence in the administration’s policies.
“The recent defection into the ruling APC is simply a show of gratitude based on what the administration has achieved since 2023,” he added. See more..
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