President Bola Ahmed Tinubu has declared that Nigeria is gradually overcoming the economic challenges inherited by his administration, stating that state governments are no longer relying on bank loans to pay workers’ salaries.
The President made the remark on Monday while hosting religious and traditional leaders at an interfaith breaking of fast at the Presidential Villa, Abuja.
According to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu used the occasion to reflect on the country’s economic situation and the impact of ongoing reforms.
The President said his administration met a difficult fiscal environment on assumption of office but has since taken measures that are helping to stabilise the economy.
“I am just grateful, one person among millions, that I have been given the opportunity to serve,” Tinubu said.
“And all I can do is promise that I will continue to be faithful in discharging my duty.”
Economy ‘Turning the Corner’
Tinubu expressed optimism about the country’s economic direction, insisting that reforms introduced by his government are already producing positive results.
“I can report that the economy has turned the corner. It is getting better. Pensioners are getting their relief gradually. We have saved Nigeria from bankruptcy,” the President said.
He also noted that the financial condition of state governments has improved significantly, stressing that governors now have more financial stability.
“No governor in this country is running around the banks to borrow money to pay the salaries of their workers,” he added.
Call for National Unity
The President further assured Nigerians that the government would remain committed to protecting the country’s unity and stability.
He warned that Nigeria would not allow agents of instability to threaten its sovereignty and national cohesion.
Tinubu also emphasised the important role of religious and traditional leaders in promoting peace, unity and social harmony across the country.
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