Nigeria’s economy is now stable – President Tinubu

President Bola Tinubu on Wednesday September 3, said that his administration’s bold economic reforms, which aim to restore Nigeria to its enviable position, are achieving favourable results and has made Nigeria gain respect globally.  

He stated this at the State House when he received His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, in audience with some other royal fathers.

While speaking to the monarchs, President Tinubu said;

“Years of neglect and self-deception, fake records, smuggling, and all of that denied Nigeria the necessary revenue for progress and development.

Then we were confronted again with arbitrage trading of currency, an illusion of selling papers, corruption all over the place, and the integrity of the country and its economy being extremely and adversely challenged.

We had to take those actions. With your prayers, patience, perseverance and great understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive.”

The President also said the establishment of NELFUND was to ensure that no student would drop out because of poverty.

He affirmed that everybody has a right to education as it is the “greatest weapon you can give to human beings against poverty; that’s what we are doing. We have remained aggressive on our infrastructure. And it’s just two years.”

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