President Bola Tinubu announced that his administration’s economic reforms aim to protect future generations’ interests. He discussed past challenges and recent improvements in the economy, emphasizing democratic adherence as vital for progress, while receiving support from former National Assembly colleagues for initiatives such as the Nigerian Education Loan Fund and CREDICORP.
President Bola Tinubu articulated the necessity of his administration’s economic reforms, emphasizing their purpose of safeguarding the interests of future generations. He noted that for the past fifty years, Nigeria has been utilizing resources for the benefit of generations yet unborn, complicating future planning for the children of Nigeria.
Addressing former National Assembly colleagues from the Third Republic, Tinubu highlighted the challenges his administration faced during its inception, particularly concerning economic and social issues. He expressed gratitude for the support received in navigating these trying times and underscored the importance of taking decisive actions to avoid a potential economic collapse.
The President reaffirmed his administration’s progress, stating that conditions have improved, including a stabilizing exchange rate and decreasing food prices, particularly during Ramadan. He expressed optimism, indicating that there is a hopeful outlook for the future.
Furthermore, President Tinubu emphasized the significance of democratic principles as the foundation for economic, social, and political advancement. He praised the commitment to democracy among the delegation, acknowledging their role in fostering the democratic ideals that he now benefits from.
Senator Emmanuel Nwaka, representing the group, conveyed support for the Tinubu administration’s initiatives, particularly the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP). He applauded these programs for their positive impact on the country’s large student demographic and recognized CREDICORP’s role in combating corruption by facilitating access to credit for young individuals entering the workforce.
In summary, President Bola Tinubu’s remarks underscore a commitment to economic reforms aimed at benefitting future generations while ensuring stability in Nigeria’s economy. By reinforcing democratic principles and enhancing programs for students and the youth, his administration seeks to create a positive trajectory for the nation’s development.
Original Source: nannews.ng
