“Nigeria Would’ve Gone Bankrupt Without My Economic Reforms”
President Bola Tinubu has revealed that Nigeria’s economic reforms were crucial in preventing the country from going bankrupt.
Tinubu explained that for 50 years, Nigeria had been spending money meant for future generations and servicing neighboring countries with fuel, making it challenging to plan for the nation’s children.
He emphasized that his administration’s actions prevented economic collapse, and progress has been made in stabilizing the economy, with the exchange rate stabilizing and food prices decreasing.
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In a statement by the president on Thursday at the State House in Abuja, the president had this to say: “We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.
“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel,” he said.
He reiterated that firm adherence to democratic tenets is the best route to economic, social, and political development.
“I am happy that you are holding to your belief in democracy. I thank you for keeping faith and remembering how we started. Some people missed the ball. Some leadership failed, but we kept the faith with our democratic beliefs and freedom and the right to aspire to the highest office in the land. I am benefiting from it,” Tinubu added.
Full Story: https://www.informationng.com/2025/03/nigeria-wouldve-gone-bankrupt-without-my-economic-reforms-tinubu.html
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