President Bola Tinubu attributes his economic reforms to safeguarding future generations from financial instability, asserting that Nigeria faced imminent bankruptcy without these actions. He stated that current improvements, such as stabilizing the exchange rate and lowering food prices, reflect successful interventions. Tinubu affirmed the importance of democracy for national growth and thanked former colleagues for their support.
Nigerian President Bola Tinubu addressed the significant economic reforms undertaken by his administration, emphasizing their intent to safeguard the interests of future generations. During a meeting with former colleagues from the Third Republic, Tinubu expressed deep concerns about Nigeria’s historical financial practices, which he argued squandered resources meant for the youth and relied heavily on external assistance from the subregion. He highlighted the severe economic and social challenges the nation faced when he assumed office, thanking the delegation for their support.
The President noted that Nigeria was at risk of economic insolvency without decisive reform actions. He affirmed that their intervention has prevented impending bankruptcy, allowing for a more stabilized economic outlook. He pointed to the progress made, including the stabilization of the exchange rate and the reduction of food prices, particularly during crucial times like Ramadan, asserting that the country is now on a path to recovery.
Furthermore, Tinubu reiterated the importance of commitment to democratic principles as fundamental to fostering economic, social, and political growth. He expressed gratitude for the unwavering belief in democracy among his peers and commended their shared commitment to overcoming challenges. He reminded them of the importance of maintaining trust in democratic ideals, stating, “I am benefiting from it,” as a reflection of their joint dedication to democratic governance.
In conclusion, President Bola Tinubu illustrated the necessity of his administration’s economic reforms to avert impending financial crises for Nigeria. Through acknowledging past difficulties and outlining recent progress toward economic stabilization, he emphasized the benefits of adherence to democratic values as vital for the country’s future. This administration’s actions are purported to significantly enhance the quality of life for future generations.
Original Source: dailypost.ng
