How I made Nigeria gain global respect in two years – Tinubu boasts | READ DETAILS
President Bola Tinubu declared on Tuesday that his administration’s bold economic reforms, which aim to restore Nigeria to its enviable position, are achieving favourable results.
The President said that the country’s economy is now stable and attracting interest from around the world. He stated this at the State House when he received His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, in audience with some other royal fathers.
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. Hemorrhage is gone; the patient is alive.”
The President also said the establishment of NELFUND was to ensure that no student would drop out because of poverty.
He affirmed that everybody has a right to education as it is the “greatest weapon you can give to human beings against poverty; that’s what we are doing. We have remained aggressive on our infrastructure. And it’s just two years.”
President Tinubu thanked the Soun of Ogbomoso for crediting his administration with the bold decisions taken immediately upon resumption of office. He noted that the people of Ogbomosoland were already feeling the modernisation and transformation introduced by the monarch, who promised to strengthen traditional institutions.
The President promised to engage the Ministers of Power, Water Resources, Agriculture, and Works to look into the visiting monarch’s requests, stating they can make Nigeria self-sufficient in agriculture.
The Soun commended the President for his incredible strides, which “only a bold leader could have recorded. Removing fuel subsidy has shown us that it is the right decision, and we can see the effects.”
Oba Ghandi Olaoye added that the foreign exchange reforms and introduction of NELFUND have made it easier for many students to continue their schooling without considering dropping out.
