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“We Must Be Patient and Work Hard to Rebuild Nigeria’s Economy” – Tinubu
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.
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.
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.
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.
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
Governor of Akwa Ibom, Pastor Umo Eno, reflected on a career choice he made when he had no choice back then.
The governor recalled how he made not less than ₦10 million in a month from selling bread and akara.
He stated “I started selling Akara and bread. Back then, I was doing Akara Burger — we opened the bread and put Akara inside for you. I made not less than ₦10 million in a month.”
Many Nigerians reacted and wondered if his reflection was in response to what the First Lady advised Nigerians earlier about selling corn.
Uber makes headlines in Nigeria as it announces that it is leaving the country. The transportation and logistics business has been in operation in Nigeria since 2014 and suddenly announced its exit on September 2, 2026.
This started with users receiving a message from the team stating that the company would be leaving Nigeria, and the announcement quickly began trending as many Nigerians started talking about Uber’s exit.
Uber shared “We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026.
“This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber. It’s important to say that these changes are about how we’re organised and what we’re prioritising, not about anyone’s contributions to Uber, which we will always value,” Khosrowshahi said.
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