He underlined the government's efforts to lower the crushing debt servicing ratio from 97% to 68%, saying that this was necessary because there might have been tremendous borrowing if the fuel subsidy had remained in place.

The minimum wage was more than doubled from N30,000 to N70,000 per month, Okupe continued. "The speech highlighted notable achievements, including the commitment of over N45 billion to the student loan scheme, the increase in national oil production to over 1.6 million barrels per day, and significant funding for MSMEs and youth development programs." In statement acquired by PUNCH Online on Sunday and published on his handle, @doyinokupe, Okupe also commended the government's efforts to reduce food inflation and the cost of life by temporarily importing food and decreasing taxes on necessities.

"It is notable that the performance of this administration is comparable to many other administrations in a positive way," he stated.

He commended the President for recognizing individuals' freedom to demonstrate and urged Nigerians to hold state and local governments responsible for their revenue inflows.

"The false information on President Tinubu's capacity to manage economic difficulties has been refuted by this speech. We now have more optimism for a better future for all Nigerians because of it," Okupe said.