Tinubu assures that our reforms will safeguard the interests of future generations.

President Tinubu: Economic Reforms Aimed at Securing Nigeria’s Future

President Bola Tinubu has emphasized that his administration’s economic reforms are designed to safeguard the interests of future generations.

“For 50 years, Nigeria was spending the wealth of unborn generations while also servicing the West Coast of our subregion with fuel. Planning for our children’s future became increasingly difficult,” he stated.

Tinubu made these remarks at the State House while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, during which he represented Lagos West as a Senator. He acknowledged the significant economic and social challenges his administration faced upon taking office and expressed gratitude for the delegation’s support in addressing them.

“We encountered serious economic headwinds when I assumed office. Nigeria was on the brink of bankruptcy, and without the decisive actions we took, the economy could have collapsed,” he said.

The President assured that his administration had successfully navigated the crisis and commended Nigerians for their collective support in stabilizing the economy.

“Today, we stand on a solid foundation. The challenges have been addressed, the exchange rate is stabilizing, and food prices are gradually decreasing, particularly during Ramadan. There is light at the end of the tunnel,” Tinubu affirmed.

He further underscored the importance of democracy in fostering economic, social, and political progress.

“I appreciate your commitment to democracy. Thank you for keeping the faith and remembering our journey. Some leaders faltered, but we remained steadfast in our democratic beliefs, ensuring the right to aspire to the highest office in the land. I am a beneficiary of that commitment,” he added.

Speaking on behalf of the delegation, Senator Emmanuel Nwaka commended the Tinubu administration for initiatives such as the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP).

“I appreciate the support extended to students, as they constitute the largest demographic in the country. Many have already benefited from NELFUND,” Nwaka stated.

He also lauded CREDICORP, highlighting its role in reducing corruption by enabling young professionals to access credit for essential needs.

“With CREDICORP, young graduates can finance necessities such as housing and transportation without needing large upfront payments. This initiative is truly commendable,” he said.

Other members of the delegation included Senator Bako Aufara Musa, Hon. Terwase Orbunde, Hon. Wasiu Logun, Hon. Amina Aliyu, High Chief Obi Anoliefo, and Hon. Eze Nwauwa.