President Tinubu: “Economic Reforms Essential To Safeguard Nigeria’s Future”
President Bola Ahmed Tinubu has reiterated his administration’s commitment to securing the economic future of Nigeria, stating that past financial mismanagement had placed an undue burden on future generations.
Speaking at the State House in Abuja on Thursday while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, President Tinubu highlighted the necessity of his economic reforms.
“For 50 years, Nigeria was spending the money of generations yet unborn and servicing the West Coast of our subregion with fuel. It was getting difficult to plan for our children’s future,” he stated.
The President acknowledged the initial challenges his administration faced but assured that decisive actions were taken to stabilise the economy and prevent financial collapse.
“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,” Tinubu affirmed.
He further emphasised the importance of democracy in ensuring economic and social progress. “I am happy that you are holding to your belief in democracy. Some leadership failed, but we kept faith in our democratic beliefs, freedom, and the right to aspire to the highest office in the land. I am benefitting from it.”
Support for Government Initiatives
Speaking on behalf of the delegation, Senator Emmanuel Chiedoziem Nwaka commended President Tinubu’s policies, particularly the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP).
“I appreciate what you are doing for students because they form the largest demographic in the country. Many have already benefited from NELFUND. The next one is CREDICORP, which is a major way of fighting corruption. Young graduates can now buy cars and houses without struggling to pay upfront. I’m following their activities, and we are delighted,” Nwaka remarked.
Other members of the delegation included Senator Bako Aufara Musa, Hon. Terwase Orbunde, Hon. Wasiu Logun, Hon. Amina Aliyu, High Chief Obi Anoliefo, and Hon. Eze Nwauwa.
The meeting reinforced the administration’s commitment to economic stability and democratic governance, with President Tinubu expressing appreciation for the support of Nigerians in driving national progress.
