Nigerian President Bola Tinubu recently provided insight into his administration’s economic reforms, stating that the primary goal is to safeguard the interests of future generations. He made these comments at the State House in Abuja while hosting a group of former National Assembly colleagues from the Third Republic, where he served as a Senator representing Lagos West.
President Tinubu pointed out that for decades, Nigeria had been using resources that belonged to future generations and catering to the needs of neighboring countries in the region. He emphasized the challenges his administration faced upon taking office, especially in the economic and social spheres, and expressed appreciation for the support received from the delegation in overcoming these obstacles.
Tinubu expressed satisfaction with the progress made in stabilizing the economy and thanked the Nigerian people for their continued support.
“We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.
“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel,” he said.
He reiterated that firm adherence to democratic tenets is the best route to economic, social, and political development.
“I am happy that you are holding to your belief in democracy. I thank you for keeping faith and remembering how we started. Some people missed the ball. Some leadership failed, but we kept the faith with our democratic beliefs and freedom and the right to aspire to the highest office in the land. I am benefiting from it,” Tinubu added.
