President Bola Tinubu discussed the economic reforms his administration implemented to prevent Nigeria from going bankrupt. He emphasized protecting future generations, noted significant challengesAt the start, and expressed gratitude for public support. Tinubu indicated that improvements in the economy, such as a stabilizing exchange rate and lower food prices, reflect positive outcomes. He reaffirmed the necessity of adherence to democratic principles for national development.
Nigerian President Bola Tinubu emphasized the importance of his administration’s economic reforms aimed at safeguarding future generations. In a statement released by his spokesman, Bayo Onanuga, Tinubu spoke on Thursday at the State House in Abuja while meeting with former National Assembly colleagues from the aborted Third Republic, during which he served as a Senator.
Tinubu pointed out that for 50 years, Nigeria had been funding the needs of future generations while also supporting the economy of the West Coast. He conveyed the challenges his administration faced at its inception, particularly regarding economic and social issues, while expressing appreciation for the support he received to navigate these difficulties.
He declared that his government successfully stabilized the situation, attributing their achievements to collective efforts and public support. Tinubu asserted, “Nigeria would have been bankrupt if we had not taken the actions that we took,” highlighting that the economy was on the verge of collapse before their reforms.
According to Tinubu, the nation is now on a stable path, with improvements such as a stabilizing exchange rate and decreasing food prices, particularly noted during Ramadan. He expressed optimism about the future, claiming, “We will have light at the end of the tunnel.”
Reiterating his commitment to democratic values, Tinubu stated that a strong adherence to democracy is vital for economic, social, and political development. He thanked his colleagues for their enduring faith in democracy and highlighted how they have navigated challenges while remaining committed to democratic ideals and personal aspirations in leadership.
President Bola Tinubu’s remarks illustrate the critical decisions made by his administration to avert Nigeria’s economic collapse, focusing on reforming financial practices for the benefit of future generations. He confirmed that progress has been made in stabilizing the economy and emphasized the importance of democratic principles in ensuring national development.
Original Source: dailypost.ng
