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Tinubu: Nigeria's Economy Stabilized, Entering Golden Era
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Tinubu: Nigeria's Economy Stabilized, Entering Golden Era

From Vanguard · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • President Bola Tinubu stated that Nigeria's economy has stabilized due to consistent reform implementation, ushering in a "golden era."
  • He thanked Northeast stakeholders, including governors, for their support in economic reforms and urged them to consolidate gains and ensure public participation.
  • Tinubu also addressed the need for unity against terrorism and banditry in the Northeast and pledged to clear pension backlogs created by previous administrations.

President Bola Tinubu declared on Thursday that Nigeria's economy has stabilized, signaling the dawn of a "golden era" for the country. Speaking to a delegation of stakeholders from the Northeast zone, led by Borno State Governor Prof. Babagana Umara Zulum, Tinubu attributed the economic turnaround to the consistent implementation of reforms and the strong support from sub-national governments.

The economy is already stabilised. To many of the governors here present, I want to say thank you very much, and I want to charge you to do more. The golden era is here now. Nigerians are not asking for too much: simple stability, social welfare.

โ€” President Bola TinubuPresident Tinubu's remarks on the Nigerian economy and the current era of reforms.

Tinubu urged the attending governors and other leaders to further consolidate the gains of these economic reforms. He emphasized the importance of Nigerians understanding the growth trajectory and actively participating in the process to share in its benefits. "The golden era is here now. Nigerians are not asking for too much: simple stability, social welfare," he stated, thanking the governors for their cooperation.

I could see the leadership of the Northeast challenged because of terrorism and banditry. I could see our collaboration. We work together, we stick together, we think together, and we face the challenges the best way possible as a united country.

โ€” President Bola TinubuPresident Tinubu discussing unity and collaboration in addressing security challenges in the Northeast.

The President also highlighted the need for sustained unity in combating terrorism and banditry in the Northeast. He acknowledged the challenges faced by the region and praised the collaborative efforts in addressing them. In a pointed remark, Tinubu criticized previous administrations for privatizing public entities while neglecting to pay pensioners, assuring that his government is now clearing these outstanding debts. "Iโ€™m clearing the pensions now, clearing the mess they created," he said.

If I can go political โ€“ somebody among my prospective opponents; they privatised government investment in public entities. But they forget to pay the pensioners; Iโ€™m clearing the pensions now, clearing the mess they created.

โ€” President Bola TinubuPresident Tinubu criticizing past administrations regarding pension payments.

Expressing confidence in Nigeria's democratic journey, Tinubu promised to foster unity in diversity and pave a path for democratic stability and prosperity. He specifically thanked traditional rulers from the Northeast, describing them as "leaders of conscience," and acknowledged Babagana Kingibe for his political mentorship.

I promise you through the twists and turns of this democracy, Nigeria will survive, and I will find our unity in diversity, a good path for democratic stability and prosperity in the country. I promise you weโ€™ll do our best.

โ€” President Bola TinubuPresident Tinubu's pledge for Nigeria's democratic future.
DistantNews Editorial

Originally published by Vanguard in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.