Economic reforms often demand sacrifices, testing the resilience of the nation and by extension, its people.
When bold policies are introduced to stabilise a struggling economy, the immediate impact may spark discomfort, but the long-term benefits can redefine the country’s future.
President Bola Tinubu has disclosed that the economic policies that he initiated upon his assumption of office are now yielding the desired results.
Tinubu Speaks About Current Economy
Tinubu, who acknowledged that the policies were harsh on the people, stated that the move became imperative in order to salvage the country from the crises facing it.
President Bola Tinubu addressed the audience during the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure (FUTA).
Represented by the Vice-Chancellor of the University of Ilorin, Prof. Wahab Egbewole, President Tinubu emphasised a significant shift in the nation’s economic direction.
While calling for the people’s understanding and support, he maintained that his administration is open to criticisms and admiration.
Statement From Tinubu
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.
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“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.”