President Bola Tinubu has reaffirmed his administration’s dedication to steering Nigeria towards economic stability and national development.
Addressing members of the Catholic Bishops’ Conference of Nigeria (CBCN) at the State House in Abuja on Friday, Tinubu reassured Nigerians that his government remains attentive to their concerns while implementing policies aimed at long-term growth.
Why Fuel Subsidy Removal Was Necessary
Defending his decision to remove the fuel subsidy, Tinubu described it as a difficult but essential step to prevent Nigeria from plunging into financial distress.
“Yes, removing the fuel subsidy was tough for me, but it was a decision Nigeria had to make. We are not going to bankrupt our country,” he stated.
According to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President emphasized that while the economic reforms have been challenging, they are already yielding positive outcomes.
Positive Impact of Economic Reforms
Tinubu highlighted key improvements resulting from his administration’s policies, including:
- Increased competition in the petroleum sector, leading to better market dynamics.
- Improved agricultural output, contributing to food security.
- Gradual stabilization of commodity prices, offering relief to Nigerians.
He noted that foreign investors are gaining confidence in Nigeria’s economic direction, and the country is gradually seeing the benefits of bold policy decisions.
“There is hope. Investors are showing interest and speaking positively about Nigeria. What seemed like a tough start is now bringing optimism. And we are not even at half-time yet,” Tinubu remarked.
Addressing National Security and Unity
Acknowledging the security challenges confronting the nation, Tinubu assured Nigerians that security agencies were making substantial progress in tackling threats.
“Insecurity affects everyone—Christians and Muslims alike. I have no religious bias; I will not be a bigot. My wife is a pastor in the Redeemed Christian Church,” he affirmed.
The President stressed the importance of national unity, urging Nigerians to rise above religious and ethnic divisions in the collective pursuit of national development.
“This country must move forward beyond religious differences. I am here, open to you, ready to listen,” he assured.
Nigeria on the Path to Economic Recovery
Tinubu expressed gratitude to religious leaders for their continued prayers and support, emphasizing that Nigeria is experiencing renewed hope. He pointed to growing foreign investments, a more stable fuel supply, and improved agricultural production as indicators of economic progress.
“We are witnessing a better deal for Nigerians, and there is renewed hope for the future,” he concluded.
