Tinubu To Continue Reforms
President Bola Tinubu has said his administration will not go back on the reforms it has begun despite the challenges being faced.
He noted this at the State House in Abuja while receiving a delegation from the Corporate Council on Africa (CCA) led by Florizelle Liser, CCA’s President and Chief Executive Officer.
Recall that during his inauguration the president had announced that he is putting fuel subsidy to an end. Subsequently, he floated the naira alongside a slew of reforms. There has been a hike in the cost of living ever since.
Nigerians have cried over the incessant rise in the cost of living and protests have erupted in different states regarding the situation. However, the Federal government has on different occasions asked Nigerians to be patient with the reforms of the present administration which will be for the betterment of all. However, Nigerians are deeply affected by the policies.
Tinubu said, “I am happy that the Council is interested in various segments of Nigeria’s economy. We are right in the middle of a challenging stage of our reforms. We have headwinds, no doubt, but we are not going back.”
“We are challenged, and we believe we will overcome the challenges. I have a can-do attitude that must be translated into a must-do attitude. We have a good team, and we must remain focused to get the goal accomplished,” his spokesman Ajuri Ngelale quoted him as saying.
Following his election to power last year, Tinubu abolished currency controls and fuel subsidies, which tripled the price of gasoline and increased living expenses due to the naira’s depreciation versus the dollar.
Drawing on his vast experience in corporate governance and contacts with CCA during his two terms as governor of Lagos State, President Tinubu expressed his satisfaction with the Corporate Council’s commitment to promoting business ties between the United States of America and Africa.
The President further reaffirmed his commitment to creating an enabling environment for businesses to thrive, emphasizing that his administration’s focus on investing in key sectors, such as agriculture, solid minerals, energy, health, physical infrastructure, trade promotion, financial services, digital enterprise, and the creative economy is underpinned by the need to ensure the welfare and prosperity of citizens.
“We are going to do more on security and investing in education, as we believe that education is the greatest weapon against poverty. We welcome partners like CCA, and we will strengthen our partnership to achieve our goals,” he stated.
Tinubu praised the recent installation of a 45,000-kilometer underwater fiber optic cable in Akwa Ibom State, which creates communication between Europe and other regions of Africa and the entire South-South region of Nigeria across the Atlantic Ocean.
In highlighting the importance of this achievement, the President said that Nigeria can overcome long-standing developmental obstacles that have impeded swift progress across sectors provided it has the appropriate policies, alliances, and resolve.
