“As a nation, we must prioritise economic diversification,' Mr Tinubu said.
All Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsRivers of crises, By Dakuku PetersideAll Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsRivers of crises, By Dakuku PetersideThe president called for increased cooperation among government agencies, the private sector and international partners to boost economic growth, enhance competitiveness, and maintain stability in the country.
“Some of the policy decisions, the policy options available are painful, but they are almost inevitable. My heart and the heart of President Bola Tinubu go to the Nigerian people. We empathise with what the poor and the young are going through in the Nigerian nation but we have no option. “These are all part of a broader effort to restore balance to the economy and ensure long-term stability. Our competitiveness is not just about improving our standing on global indices.
“President Bola Ahmed Tinubu’s administration has sustained its foreign exchange reforms, eliminating the hitherto multiple rates even as the Central Bank of Nigeria regularly finetunes its guidelines to enhance monetary policy stability. One of the immediate gains of the reforms is increased revenue, which has improved funding for the three tiers and enhanced their ability to meet their obligations, including the payment of the new minimum wage, he said.
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