President Bola Ahmed Tinubu on Tuesday declared that his administration’s bold reforms in the last two years have restored global respect for Nigeria, stabilised the economy, and positioned the country for renewed growth.
The President stated this while receiving His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, the Soun of Ogbomosoland, and a delegation of traditional rulers at the State House, Abuja.
In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu said, “Years of neglect and self-deception, fake records, smuggling, and all of that denied Nigeria the necessary revenue for progress and development.
Then we were confronted again with arbitrage trading of currency, an illusion of selling papers, corruption all over the place, and the integrity of the country and its economy being extremely and adversely challenged. We had to take those actions.
“With your prayers, patience, perseverance and great understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive”, Tinubu said.
The President stressed that education remains central to his government’s reforms, citing the establishment of the Nigerian Education Loan Fund (NELFUND) to prevent students from dropping out due to financial hardship.
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