On Wednesday, September 3, President Bola Tinubu highlighted the positive impact of his administration’s decisive economic reforms, emphasizing that these measures are successfully restoring Nigeria’s standing on the global stage. He made these remarks at the State House during a meeting with His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, alongside other traditional rulers.
Addressing the monarchs, President Tinubu reflected on the challenges Nigeria faced in previous years, stating, “Decades of neglect, misinformation, smuggling, and false data deprived our nation of vital revenue needed for growth and development. We also grappled with currency arbitrage, speculative trading, widespread corruption, and a severe erosion of our country’s economic credibility.”
He continued, “These circumstances compelled us to implement tough but necessary reforms. Thanks to your prayers, patience, and unwavering support, I am proud to announce that the economy has now stabilized. The financial hemorrhaging has ceased; the nation’s economic health is recovering.”
Furthermore, the President underscored the creation of NELFUND as a strategic initiative to prevent students from abandoning their education due to financial hardship. He stressed that education remains a fundamental right and described it as “the most powerful tool to combat poverty.” He added, “Our administration has maintained a vigorous focus on infrastructure development, and all these achievements have been realized within just two years.”
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