President Bola Tinubu emphasized that the removal of fuel subsidies was crucial in preventing Nigeria from facing bankruptcy and has positioned the nation towards economic recovery.
During a meeting with governors and party members, Tinubu recognized the challenges of these reforms, describing the timeframe as “very, very challenging” and “tough.” He commended those who remained supportive amid various adversities, stating that while many faced backlash, loyal party members were steadfast.
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He said, “It was very, very challenging. It was tough, but those who are in the party with me, some kept faith and instead of dodging the bullets, I took it.”
Tinubu asserted that Nigeria has surpassed the threat of economic disaster and is now seeing the positive outcomes of the reforms. “Instead of bankruptcy, Nigeria has survived. The economy has recovered and is growing. Agriculture is thriving, and food availability is improving,” he added.
He expressed gratitude to political leaders and supporters for encouraging patience among Nigerians during what he termed three years of difficult yet essential reforms.
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“You kept the spirit. You kept the hope. You persuaded our people to be patient to endure these three years of painful reform,” he remarked.
The President pointed out the improvement in key economic indicators and the progress of significant infrastructure projects, such as roads and housing across the nation.
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“Today, the benefits are evident. Economic recovery is underway. Important economic indices are strong. Construction is active in road infrastructure, and many neglected projects have been revived,” he stated.
He also highlighted the potential of agriculture, encouraging state governments to better utilize land for food independence and economic advancement.
In conclusion, he thanked the governors for their support and sacrifices, calling their visit meaningful and deeply moving to him.
