President Tinubu Advocates Economic Reforms for Future Generations
President Bola Tinubu outlined his administration’s economic reforms aimed at safeguarding future generations, highlighting past financial mismanagement. He noted significant challenges at the onset of his presidency but acknowledged improvements in the economy and democratic values. Key initiatives like NELFUND and CREDICORP received praise from former lawmakers for their positive impact on education and financial access.
President Bola Tinubu expressed his administration’s commitment to economic reforms aimed at protecting future generations’ resources. He emphasized that Nigeria has been depleting its funds for the past 50 years, which hampers planning for the future. This statement was made during a reception for former colleagues from the Third Republic at the State House in Abuja.
President Tinubu outlined the economic and social challenges he faced upon assuming office, emphasizing the urgent actions taken to prevent Nigeria’s economic collapse. He acknowledged that without these measures, the country would have faced severe financial difficulties. He further conveyed gratitude to the public for their support in efforts to improve the economic landscape.
The President noted that his administration is witnessing positive changes, including a stabilizing exchange rate and decreasing food prices, especially notable during Ramadan. He expressed optimism about ongoing improvements, stating, “We will have light at the end of the tunnel.”
In his address, President Tinubu highlighted the importance of democratic principles for the nation’s development. He expressed appreciation for the faith shown by his colleagues in democracy, recognizing the historical context of leadership failures that have undermined progress.
Emmanuel Nwaka, speaking on behalf of the former lawmakers, commended the administration’s initiatives such as the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP). He emphasized their significance in supporting students and combating corruption, mentioning how CREDICORP facilitates access to finances for young individuals entering the workforce.
In summary, President Bola Tinubu’s administration aims to secure Nigeria’s future by addressing past financial mismanagement and implementing important reforms. The stabilization of the economy, adherence to democratic values, and initiatives supporting education and financial access exemplify the government’s commitment to fostering a better future for Nigerians. The support of the public and the former lawmakers underscores a collective effort towards improving the nation’s socio-economic conditions.
Original Source: businessday.ng
