Tinubu claims that his economic policies are producing positive outcomes.

In a recent address at the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure (FUTA), President Bola Tinubu articulated the progress his administration has made concerning the economic policies implemented since his inauguration. Represented by Professor Wahab Egbewole, Vice-Chancellor of the University of Ilorin, Tinubu acknowledged the challenges these policies posed to the populace but emphasized their necessity in addressing the country’s pressing economic crises.

The President underscored a significant transition: Nigeria is evolving from a consumption-driven economy to a production-oriented one. He expressed his understanding of the hardships inflicted by such strategic measures, including the removal of fuel subsidies and the unification of exchange rates. “I sincerely wish there could be softer options,” he remarked, reflecting his awareness of the policies’ immediate effects on citizens.

Despite these challenges, Tinubu conveyed optimism regarding Nigeria’s economic trajectory. He noted that the macro-economy is improving beyond expectations, while the micro-economy is also beginning to show positive outcomes that will benefit households across the nation. “By the grace of the Almighty God, every household will experience a better life and have brighter hope for the future,” he stated, fostering a sense of hope amid the prevailing difficulties.

Additionally, the President reaffirmed his administration’s commitment to enhancing security, asserting that the current security architecture is capable of safeguarding all Nigerians and is progressing towards transforming the nation into a prosperous haven for all its citizens.

In summation, President Tinubu’s address highlights a critical moment in Nigeria’s effort to navigate economic turbulence, urging the populace to remain supportive and patient as the administration strives for recovery and stability.