Tinubu Advocates Economic Reforms to Protect Future Generations

President Bola Tinubu discussed the rationale behind his economic reforms during a meeting with former National Assembly colleagues, emphasizing the need to protect future generations from the consequences of past financial mismanagement. He acknowledged the challenges faced at the start of his administration while reporting progress in stabilizing the economy. Furthermore, he highlighted the importance of democratic values and praised initiatives aimed at improving the lives of young Nigerians.

President Bola Tinubu explained that his administration’s economic reforms aim to safeguard the interests of future generations, citing that Nigeria has been mismanaging funds intended for them for the past 50 years. He highlighted the difficulties of planning for the children’s future as repercussions of this mismanagement during a meeting with a delegation of former National Assembly colleagues.

In addressing the challenges at the start of his presidency, President Tinubu expressed gratitude for the support received from the delegation in confronting various economic and social issues. He emphasized that Nigeria faced severe challenges and would have faced bankruptcy had decisive actions not been taken to avert economic collapse.

President Tinubu noted that the administration has made progress, marking improvements such as stabilizing the exchange rate and reducing food prices during Ramadan. He expressed confidence that with the collective effort of Nigerians, a promising future is on the horizon.

Emphasizing the importance of adhering to democratic values, he acknowledged the delegation’s commitment to democracy. He expressed appreciation for their faith in democratic principles despite any past leadership failures, recognizing how this commitment has benefited his administration.

Emmanuel Nwaka, representing the delegation, commended the Tinubu administration for its initiatives like the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP). He noted the positive impact these programs have had on students, marking them as key elements in addressing demographic needs and combating corruption in financial dealings.

In summary, President Tinubu reaffirmed his commitment to economic stability and the protection of future generations’ interests, acknowledging past fiscal mismanagement. He expressed optimism regarding the ongoing reforms while highlighting the significance of democratic values in achieving sustainable development. The acknowledgement of beneficial programs such as NELFUND and CREDICORP further emphasizes his administration’s focus on aiding the youth and fostering corruption prevention.

Original Source: businessday.ng