President Bola Tinubu has defended his administration’s economic policies, stating that the reforms are designed to safeguard the interests of 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, Tinubu emphasized the necessity of difficult but essential decisions to prevent Nigeria’s economic collapse.
“For 50 years, Nigeria was spending the money of generations yet unborn and servicing the West Coast with fuel, making it increasingly difficult to plan for the future of our children,” the president stated.
Reflecting on the economic and social challenges faced at the start of his tenure, Tinubu expressed gratitude for the support of Nigerians in navigating the difficulties. He assured that the government’s policies have stabilized the economy, with the exchange rate improving and food prices easing, particularly during Ramadan.
“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. Today, we are sitting on a strong foundation. The exchange rate is stabilizing, food prices are coming down, and we will see light at the end of the tunnel,” he said.
The president reaffirmed his commitment to democratic principles, noting that adherence to democratic values remains the best path for Nigeria’s political and economic development.
“I thank you for keeping faith and remembering how we started. Some leadership failed, but we upheld our democratic beliefs, freedom, and the right to aspire to the highest office in the land. Today, I am benefiting from that commitment,” Tinubu added.
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