President Bola Tinubu has asserted that Nigeria would have faced bankruptcy had his administration not taken decisive actions upon assuming office.
Speaking at the State House in Abuja while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, Tinubu acknowledged the economic challenges his government inherited and the measures implemented to avert a collapse.
He expressed gratitude to Nigerians for their support in navigating the crisis, highlighting progress made in stabilizing the economy. Tinubu also emphasized the importance of democracy as the best path to economic, social, and political development, commending his former colleagues for their commitment to democratic ideals.
These remarks come as Tinubu's administration continues to implement economic reforms aimed at stabilizing the nation's finances and improving overall economic conditions. The president's comments highlight the importance of democratic values and the need for responsible leadership in achieving economic stability and progress.
Critics, however, argue that the reforms have led to increased hardship for ordinary Nigerians, with rising inflation and unemployment. They point to the recent fuel subsidy removal and the devaluation of the naira as evidence of the government's disregard for the welfare of the people. Despite these criticisms, Tinubu remains committed to his reform agenda, emphasizing its long-term benefits for the Nigerian economy.
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