President Bola Tinubu discussed his economic reforms aimed at protecting the financial interests of future generations during a meeting with former National Assembly colleagues. He highlighted the challenges faced at the beginning of his administration, the importance of democratic principles, and the positive effects of recent initiatives like NELFUND and CREDICORP.
President Bola Tinubu recently outlined the motivations behind his economic reforms, emphasizing their aim to safeguard the financial interests of future generations. He noted that Nigeria had, for fifty years, spent resources belonging to generations yet unborn and was primarily supporting regional fuel needs, complicating future planning for children.
While interacting with a delegation of former National Assembly members in Abuja, Tinubu acknowledged the initial challenges his administration faced, particularly in economic and social spheres. He expressed appreciation for the support from the delegation during these difficult times, stating that without decisive action, Nigeria could have faced bankruptcy.
Tinubu declared confidence in his administration’s successes, indicating improvements such as a stabilizing exchange rate and decreasing food prices during Ramadan. He articulated the importance of adhering to democratic principles to ensure economic and social development, commending his supporters for maintaining faith in democracy.
Emmanuel Nwaka, speaking on behalf of the delegation, praised the initiatives implemented by the Tinubu administration, notably the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP). He highlighted the significance of these programs in aiding students, as well as CREDICORP’s role in combating corruption by making financial resources more accessible for young individuals entering the job market.
President Bola Tinubu’s address emphasizes the necessity of economic reforms designed to protect future generations’ finances. He acknowledges past financial mismanagement while outlining steps taken to stabilize the economy. The administration’s initiatives, particularly those supporting education and accessible credit, are viewed positively, marking efforts against corruption and addressing youth needs as vital areas of focus.
Original Source: businessday.ng
