President Bola Tinubu has reassured Nigerians that his administration’s economic recovery plan is on the right track, setting the country toward achieving its long-standing goals and aspirations.
During the swearing-in ceremony of seven newly confirmed ministers at the State House, Tinubu highlighted that his government had successfully prevented national bankruptcy and firmly addressed issues with exploiters and resource smugglers.
While congratulating the newly appointed ministers, Tinubu urged them to demonstrate commitment and resilience as they join the cabinet’s efforts to tackle the nation’s pressing challenges.
He said, “The present situation calls for serious dedication. You’re here to serve at a critical time, and we need every ounce of that commitment.”
“The economic recovery is on course. We’re paving the way for a future that benefits not just us but our children and grandchildren.”
The President acknowledged the impact of inflation on the cost of living and highlighted his administration’s commitment to economic reform, including a recently implemented minimum wage increase.
“We inherited a scenario where 97% of the nation’s revenue was used to service debt. We’ve managed to bring that down to 65%, consistently meeting both domestic and foreign obligations. Our heads are above water, and we’re moving forward,” Tinubu added.
He stressed that Nigeria’s economic challenges mirror global trends, pointing to similar struggles in Europe and America post-pandemic.
“We’re not shirking responsibility; we’re tackling these issues head-on,” the President said.