Bola Tinubu has hailed the progress made through his administration’s reforms, highlighting early signs of positive impact.
He made the call during the 30th Nigerian Economic Summit held on Monday in Abuja.
Represented by Kashim Shettima, Tinubu highlighted the positive impact of the reforms undertaken by his administration which he said were designed to diversify Nigeria’s economy and reduce its over-reliance on oil revenues.
According to him, these initiatives are already beginning to deliver the much-needed change.
Tinubu said,”Like many other nations, Nigeria has experienced significant economic turbulence over the past few years.
READ MORE:Court Orders VeryDarkMan to Delete ‘Defamatory’ Posts Against Femi Falana, Falz
“The challenges have been global and domestic, ranging from the COVID-19 pandemic and fluctuating oil prices to internal security issues, inflation, and structural weaknesses in our economy, such as over-reliance on oil revenue and lack of economic diversification.
“I am pleased to report that we are making significant strides in addressing several key issues, including regulatory bottlenecks and ease of doing business challenges. This progress should instill confidence in our collective ability to overcome these challenges,” he stated.
Tinubu further pointed to the removal of fuel subsidies, the unification of forex rates, and a renewed focus on agriculture, manufacturing, and the digital economy as critical drivers of Nigeria’s future prosperity.
He stressed that economic diversification remains at the heart of his administration’s agenda, noting that this is vital to creating jobs and boosting income levels for the rapidly growing population.
However, Tinubu’s statement comes amid rising hardship and inflation which have ravaged the country and made living unbearable for Nigerians.
Follow Parallel Facts on WhatsApp Channel:https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
