President Bola Tinubu has expressed that the economic policies he implemented upon taking office are beginning to show positive results.
Acknowledging that these policies have been tough on the people, Tinubu emphasized that such measures were necessary to address the country's ongoing crises.
In a speech delivered during the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure (FUTA), Tinubu, represented by Prof. Wahab Egbewole, the Vice-Chancellor of the University of Ilorin, outlined the shift in Nigeria's economic approach.
He stated that the nation is moving from a consumption-based economy to one that prioritizes production.
He also appealed for understanding and support from the citizens, reiterating that his administration is open to both criticism and praise as it navigates the challenges ahead.
The President said, “The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates.
“I am not unaware of the consequences of the tough decisions on our people. I sincerely wish there could be softer options.
“The macro-economy of our dear country is improving by the day and beyond expectations. The micro-economy, which directly affects our citizens, is also taking shape gradually with positive results.
“By the grace of the Almighty God, every household will experience a better life and have brighter hope for the future.
“We are working hard to ensure the safety of every Nigerian in every part of the country. Our security architecture is up to the task, and the ugly narratives of the past are changing for good. Also, we are not relenting in our pursuit of making our country a haven of prosperity for all.”
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