President Bola Tinubu has declared that Nigeria's economy has emerged from its most difficult period, describing the current outlook as stable and assuring citizens that the benefits of his administration's reforms will become increasingly visible.
President Tinubu's Remarks on Economic Recovery
Speaking on Thursday, July 23, while receiving a delegation of the research group Aseyori Tinubu at the State House, Tinubu stated, "I could say the economy of our nation has passed the darkest tunnel. The twists and turns of democracy are there. We will continue to push for improvement. The economic recovery is here, proudly. We are running a very stable economy right now."
The delegation was led under the auspices of Nigeria's Permanent Representative to the United Nations, Ambassador Jimoh Ibrahim. Tinubu commended Ibrahim's performance at the UN, saying, "Your capacity is exceedingly reliable, and your performance at the United Nations are very impressive. You have achieved a lot at the UN within a short period. I am very proud of that."
Growing Multinational Interest and Reforms
The President attributed the growing interest from multinational companies to invest in Nigeria to the collective efforts of Nigerians and the impact of his administration's economic reforms. He encouraged Ambassador Ibrahim to remain focused on his responsibilities, urging him to work harder toward securing a permanent seat for Nigeria at the UN. "You know, this is an evolution that may not come back to our history in a very, very short time, as you have mentioned. So, I want you to work harder and get a permanent seat at the UN," Tinubu said.
Progress on Education Loan Fund and Security
Tinubu also highlighted progress in the Nigerian Education Loan Fund (NELFUND), revealing that he recently approved additional funding sourced from money recovered by the Economic and Financial Crimes Commission (EFCC). He further noted, "We have a production line going on well; we just need to stimulate the economy for growth. We can beat our chests with the bragging rights, no more ASUU strike. Today, our children are in school. The security is getting better, not getting worse."
