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.
“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 reaffirmed that the best path to political, social, and economic advancement is strict devotion to democratic principles.
“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.
