The Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has assured Nigerians that Bola Ahmed Tinubu’s economic reforms have alleviated the nation’s economic hardship.
Speaking at a press briefing at his Tuggar Foundation office in Bauchi on Saturday, the Minister of Foreign Affairs called on the public to remain patient with the ruling All Progressives Congress-led administration.
He noted that the current economic challenges facing Nigeria are part of a global phenomenon, adding that similar difficulties are being experienced worldwide.
Maitama Tuggar attributed Nigeria’s economic struggles to previous policies and external factors inherited by the Tinubu administration.
He linked the challenges to the 2008 global financial crisis and subsequent events, including the COVID-19 pandemic, which disrupted trade, movement, and livelihoods on a global scale.
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“The coronavirus pandemic closed borders, halted the movement of goods and services, and claimed many lives, which has had a lasting impact on the cost of living worldwide, including in Nigeria,” he explained.
Tuggar further commended Tinubu’s macroeconomic reforms, introduced in May 2023, which aim to eliminate subsidies on petrol imports and reform the exchange rate system to prevent arbitrary practices.
The Minister noted that the reforms are essential for stabilizing the economy and alleviating the current hardships.
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