By Ogaga Ariemu President Bola Ahmed Tinubu has expressed confidence that his administration is on the path to success despite the c...
By Ogaga Ariemu
President Bola Ahmed Tinubu has expressed confidence that
his administration is on the path to success despite the country’s challenges,
saying Nigeria has no reason to fail the African continent.
Dele Alake, Special Adviser to the President on Special
Duties, Communication, and Strategy, said Tinubu disclosed this while receiving
visiting Bank of America officials in his office at the State House on Tuesday.
Tinubu stressed that his government was committed to
instituting reforms that would engender sustainable growth and development in
the country.
“We believe we are on the right track so far. We believe we
need all the help we can get,” the President said as he asked the bank’s
management for support and partnership to advance mutual benefits for Nigeria
and the financial institution.
President Tinubu said the governance and development
challenges facing the country cannot be addressed without fiscal and
institutional reforms.
“Twenty-first-century actions on climate change, finance,
and innovation are intertwined. Having a good platform and believing in
innovation will help in undertaking reforms and tackling the issues. This is
the largest economy and democracy in Africa, and if we cannot do it, nobody
will do it for us,” he said.
Affirming that no one can do it alone, President Tinubu made
a case for the bank and other willing financing institutions to help the
country, for instance, by partnering to ensure Nigerian gas competes favourably
in the global market as a viable source of alternative revenue.
Within a month of the President’s inauguration, Tinubu
announced reforms such as fuel subsidy removal, foreign exchange window
unification, and other policies resulting in immediate macroeconomic effects
such as price hikes for transportation, goods, and services.
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