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

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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.

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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.

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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.

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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.


 

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Barack Obama Says Things Could Be Better With Women in Charge

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Former US President and first Black president, Barack Obama, speaks on leadership and gender. He spoke about how it would be nice for women to be in charge every now and then, as it would strike a balance and advance the government.

“Even when I was President, I sometimes fantasized about if you put women in charge of every government for like two years, and then just kind of saw, ‘All right, how are things going?’”

“I have a strong belief that things wouldn’t be perfect, but they’d be better. I’m confident about that. I really do,” he added.


 

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“Nigerians Have Borne Some Real Costs” — Mohammed Idris on Tinubu’s Reforms

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Minister of Information and National Orientation, Mohammed Idris, speaks on the state of the country and President Tinubu’s reign.

He analyses it and shares how Tinubu has made tough decisions. “About three years ago, President Bola Tinubu assumed office amid some very significant and structural challenges, and physical challenges.”

“His administration chose to confront the long-standing distortions rather than postpone them, and those decisions were indeed very difficult and were not politically convenient. And because of those decisions, Nigerians have borne some real costs.”

“Today, however, Nigeria is moving from the difficult work of reforms and stabilisation towards a new phase of growth and shared prosperity.”


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“This Will Be Their Christmas Gift” — Wike Speaks on Abuja Road Projects

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Minister of the Federal Capital Territory, Nyesom Wike, speaks on the road projects in Abuja and their completion. He shared that they will be completed and described them as Tinubu’s Christmas gift to citizens.

“We have promised the residents that this will be their Christmas gift by Mr President as part of their Christmas gift so that they’ll go back home and enjoy their Christmas celebration.

“You can imagine the happiness of those who stay here. You know that with these roads, the economy of the affected communities will change,” he said.


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