On Thursday, President Bola Tinubu defended the reforms carried out by his administration, asserting that they cannot be undone.
After declaring an end to the fuel subsidy program at his inauguration, Tinubu introduced other reforms along with the currency. The country’s currency lost value as a result of the actions, which increased the cost of living in Nigeria.
The president is not giving up on reforms despite the opposition and demonstrations that have greeted Tinubu’s administration’s measures.
“I am happy that the Council is interested in various segments of Nigeria’s economy. We are right in the middle of a challenging stage of our reforms. We have headwinds, no doubt, but we are not going back,” Tinubu said at the State House in Abuja while receiving a delegation from the Corporate Council on Africa (CCA) led by Florizelle Liser, CCA’s President and Chief Executive Officer.
“We are challenged, and we believe we will overcome the challenges. I have a can-do attitude that must be translated into a must-do attitude. We have a good team, and we must remain focused to get the goal accomplished,” his spokesman Ajuri Ngelale quoted him as saying.
Although Tinubu has urged patience on several occasions for his reforms to take hold and help draw in foreign investment, Nigerians are deeply affected by the policies.
