Connect with us

News

“We Must Be Patient and Work Hard to Rebuild Nigeria’s Economy” – Tinubu

Published

on

Photo source: Google

President Bola Ahmed Tinubu has urged Nigerians to embrace hard work and patience, stating that there are no more free rides when it comes to the country’s economic realities.

He emphasized the need for the population to focus on sectors like agriculture while the government works on rebuilding and restructuring the economy.

Tinubu expressed this during a meeting with the Forum of Former Presiding Officers of the National Assembly, led by former Senate President Ken Nnamani, in Abuja.

Addressing the concerns of many citizens facing economic challenges, Tinubu acknowledged the difficulties people are experiencing, especially with rising prices and economic instability.

“I understand that people are hungry and struggling,” he said, “but we cannot continue like this.

Advertisement

There is no free beer parlour anymore. We must be patient and work hard as we retool and rebuild Nigeria’s economy.”

His remarks come as his administration continues to implement significant economic reforms aimed at stabilizing the country.

Nigerians have been grappling with the effects of two major economic policies introduced shortly after Tinubu took office.

One of these was the removal of the fuel subsidy, a move that led to a sharp increase in the cost of petrol.

On his first day in office, the price of fuel tripled, and as of Friday, some filling stations in Abuja were selling petrol for between N950 and N1,100 per litre.

Advertisement

Another policy, aimed at unifying the exchange rate system, resulted in a dramatic depreciation of the naira.

Before Tinubu’s presidency began on May 29, 2023, the naira was trading at around N600 to the dollar.

Now, just a few months later, the exchange rate has soared, with the naira trading at over N1,500 to the dollar at the official market.

Despite these economic challenges, Tinubu has remained firm in his approach, urging Nigerians to trust in the government’s long-term strategy to rebuild the economy.

He stressed that while the current hardship is undeniable, the necessary reforms are critical for the country’s future prosperity.

Advertisement

Tinubu’s call for patience and hard work reflects his administration’s belief that these changes, though painful, are essential for Nigeria’s economic recovery.

The president’s words highlight the significant shift in expectations for the country, as the days of relying on government subsidies and support appear to be coming to an end.

His administration is focused on fostering self-reliance and resilience among Nigerians, particularly through sectors like agriculture, which he views as key to the country’s economic revival.

As Tinubu’s policies take shape, the nation watches to see how his economic vision will unfold in the coming months.


 

Advertisement

News

Police Crack Down on Political Thugs Ahead of EdoDecides2024

Published

on

Photo source: Google

In a significant move to combat electoral violence in Edo State, the Nigeria Police Force conducted overnight raids that led to the arrest of political thugs and the recovery of illegal firearms.

These operations are part of a broader strategy to ensure a peaceful electoral process as Edo prepares for the upcoming elections.

Reports indicate that some of those apprehended were alleged members of the APC, reportedly disguised in PDP shirts, raising concerns about the tactics employed by political groups.

This discovery highlights the intense rivalry and the lengths to which some individuals may go to disrupt the electoral atmosphere.

In response to these incidents, the police have announced plans to enhance their operations aimed at dismantling illegal arms possession and tackling troublemakers ahead of the elections.

Advertisement

This proactive approach reflects a commitment to maintaining law and order and ensuring that the democratic process is respected.

As EdoDecides2024 approaches, the importance of a peaceful and fair election cannot be overstated, and the police are determined to play a crucial role in achieving this goal.


 

Continue Reading

News

Diddy Struggles in MDC Brooklyn, Focusing on Family as He Faces Tough Conditions

Published

on


Music mogul Sean ‘Diddy’ Combs is facing a tough time in the Metropolitan Detention Center (MDC) in Brooklyn, held in the Special Housing Unit.

His main concern remains his seven children, with limited communication and privileges. Following his recent arrest and placement on suicide watch, Diddy’s family is leaning on faith and unity.

His sons attended a bail appeal, but the judge denied his request, citing him as a danger.

Diddy remains focused on reuniting with his children amidst these challenges.


 

Advertisement
Continue Reading

News

Police Arrest Two Political Thugs, Recover Firearms in Edo State Ahead of Elections

Published

on


The Nigeria Police Force has arrested two political thugs during an overnight raid in Edo State.

Recovered from the suspects were three cut-to-size pistols and a locally made gun.

This operation, revealed in a statement by Force PRO ACP Olumuyiwa Adejobi, was part of efforts to curb electoral violence ahead of the elections.

The suspects, identified as Edwin Obanor and Audu Tajudeen, were arrested in separate locations, underscoring the police’s commitment to maintaining law and order during the election period.


 

Advertisement
Continue Reading

Trending