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We saved Nigeria from going broke – Tinúbú

President Bola Ahmed Tinubu

Nigerian President Bola Ahmed Tinubu has shed light on the reasoning behind his administration’s economic reforms, emphasizing that the primary goal is to safeguard the interests of future generations and prevent national bankruptcy.

A statement by spokesman, Bayo Onanuga, said the president spoke on Thursday at the State House in Abuja while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, during which he served as a Senator representing Lagos West.

“We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.

“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel,” he said.

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This explanation underscores the administration’s commitment to addressing Nigeria’s economic challenges while laying a foundation for sustainable growth.

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