President Tinubu Vows Reforms Will Revive Economy

President Bola Tinubu

President Tinubu promises economic turnaround...

President Tinubu vows to revive Nigeria's economy, prioritizing sustainable development and bold reforms. He calls on African nations to enhance living standards and cooperate globally to tackle shared challenges, amidst a nationwide strike demanding economic improvements.

President Tinubu reaffirmed his administration's dedication to unlocking Nigeria's economic potential, aiming to achieve positive results that benefit all citizens.

The president also pledged to prioritize sustainable development across the region, ensuring that his government's policies promote long-term economic growth and prosperity.

President Bola Tinubu is confident that his administration holds the key to Nigeria's economic revival, promising to steer the country towards prosperity. He assured that his government's policies will effectively address the current economic challenges and stimulate growth.

At the 2024 African Caucus meeting in Abuja, Vice-President Kashim Shettima represented President Tinubu and reiterated his commitment to economic recovery. Speaking at the Transcorp Hotel on Friday, Shettima emphasized the administration's determination to implement policies that will lift the economy out of its present slump.

“As a government, we have initiated bold economic reforms aimed at steering our economy away from the downturns caused by multiple shocks in the global economy,” he said.

“We believe it is a path of recovery and resilience through significant economic transformation.

“Our reform efforts have been strategically focused on fostering fiscal and monetary efficiency, driving sustained long-term economic growth, and catalysing job creation in alignment with the SDGs' priorities.”

"Our efforts are yielding positive results, with improved macroeconomic stability and increased investment," he added.

President Tinubu called on African nations to prioritize enhancing the living standards and well-being of their citizens, promoting a better quality of life for all people across the continent.

“We need enhanced international tax cooperation to combat illicit financial flows and ensure that multinationals contribute fairly to our economies,” Tinubu added.

“We must also foster global economic co- operation to tackle shared challenges and leverage opportunities.

“However, we must also acknowledge the need to take responsibility for our own development by undertaking the difficult structural and fiscal reforms required to boost long-term growth.”

President Tinubu, who took office on May 29, 2023, succeeding Muhammadu Buhari, is currently facing a nationwide strike as citizens demand economic reforms and improvements, posing a significant challenge to his administration.