In his explanation of the reasoning for his administration’s economic reforms, Nigerian President Bola Tinubu stated that safeguarding the interests of future generations was the main goal.
According to a statement from spokesperson Bayo Onanuga, the president addressed a group of former National Assembly colleagues from the defunct Third Republic, when he was a senator representing Lagos West, at the State House in Abuja on Thursday.
The president claimed that for fifty years, Nigeria has been using the money of future generations to supply fuel to the country’s subregion’s west coast, making it increasingly challenging to make plans for the children’s future.
He emphasized the problems encountered at the start of his government, especially those related to the economy and society, and thanked the delegation for their assistance in resolving the concerns.
Tinubu thanked Nigerians for their combined assistance in reversing the trend and announced that the administration has successfully stopped it.
When I took over, we had significant obstacles and really trying circumstances. If we hadn’t done what we did, Nigeria would have gone bankrupt, and we needed to keep the economy from collapsing.
We are sitting on a solid basis today. The issue has been turned around, and the exchange rate is now stabilizing. The cost of food is declining, particularly during Ramadan. He declared, “There will be light at the end of the tunnel.”
He reaffirmed that the best path to political, social, and economic advancement is strict devotion to democratic principles.
I’m glad you’re sticking to your democratic principles. I appreciate your perseverance and remembrance of our beginnings. A few people failed to see the opportunity. Despite certain leadership failures, we remained true to our democratic values, freedom, and the right to run for the nation’s highest office. It is helping me,” Tinubu continued.
He reaffirmed that the best path to political, social, and economic advancement is strict devotion to democratic principles.
I’m glad you’re sticking to your democratic principles. I appreciate your perseverance and remembrance of our beginnings. A few people failed to see the opportunity. Despite certain leadership failures, we remained true to our democratic values, freedom, and the right to run for the nation’s highest office. It is helping me,” Tinubu continued.