President Bola Tinubu highlighted his administration’s economic reforms aimed at ensuring sustainable policies for future generations. During a meeting with former National Assembly colleagues, he outlined past challenges, current achievements in economic stabilization, and the role of democratic principles in fostering development. Initiatives such as the Nigerian Education Loan Fund and CREDICORP were praised for their benefits to students and young professionals.
President Bola Tinubu emphasized that his administration’s economic reforms aim to protect the interests of future generations during a meeting with former colleagues from the aborted Third Republic. He stated, “For 50 years, Nigeria was spending money of generations yet unborn and servicing the West Coast of our subregion with fuel,” highlighting the need for sustainable planning for the country’s future.
Tinubu acknowledged the various challenges his administration faces, particularly in the economic and social sectors. He conveyed gratitude for the support of former lawmakers and remarked, “We faced serious headwinds… Nigeria would have been bankrupt if we had not taken the actions that we took.”
The President reported positive strides in stabilizing the economy, noting improvements in exchange rates and declining food prices, specifically during Ramadan. He stated, “Today, we are sitting pretty on a good foundation… We will have light at the end of the tunnel.”
Affirming the importance of democracy for national growth, Tinubu expressed appreciation for the group’s faith in democratic principles. He remarked, “I thank you for keeping faith and remembering how we started.”
Senator Emmanuel Nwaka expressed support for Tinubu’s initiatives, particularly the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP), underscoring their positive impact on students. Nwaka noted, “I appreciate you for what you are giving to students… That’s a major way of fighting corruption,” emphasizing the programs’ potential benefits to young Nigerians.
President Tinubu’s commitment to economic reforms aims to secure the future interests of Nigeria, confronting historical challenges while garnering support for his actions. His administration seeks to stabilize the economy, improve living conditions, and strengthen democratic values, with initiatives like NELFUND and CREDICORP providing significant support to the youth and encouraging development. The overall trajectory reflects optimism for Nigeria’s economic future.
Original Source: nannews.ng
