President Bola Tinubu has stated that without the reforms his administration implemented, Nigeria’s economy would likely have collapsed.
Speaking during a televised address on Independence Day, Tinubu highlighted the critical decisions his government faced upon assuming office.
President Tinubu explained that when his administration took office 16 months ago, Nigeria was facing severe economic and security challenges.
Faced with a choice between reforming or risking economic collapse, his government opted for significant reforms to ensure progress and stability.
“My administration took over the leadership of our country 16 months ago at a critical juncture. The economy faced many headwinds, and our physical security was highly impaired.
“We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse. We decided to reform our political economy and defence architecture,” Tinubu stated.
Meanwhile, the President noted that many Nigerians are battling with the rising cost of living and struggling to make ends meet.
He, however assured that he is taking measures to alleviate the suffering and ensure Nigerians enjoy a better life.
President Tinubu pleaded with Nigerians to be patient, assuring them that there is light at the end of the tunnel and the citizens should expect better days ahead.