Economic recovery within reach for future generations, says Tinubu
By Kunle Sanni
President Bola Tinubu has affirmed that Nigeria’s economic recovery is “on the horizon,” emphasizing the government’s commitment to fostering prosperity for current and future generations.
Speaking on Monday at the swearing-in ceremony of seven newly appointed ministers in Abuja, Tinubu highlighted his administration’s focus on addressing economic and security challenges.
“These efforts are not just for us; they are for our children and grandchildren,” he noted.
Tinubu expressed gratitude to the National Assembly for its prompt handling of the constitutional review process that enabled the ministers’ confirmation. He congratulated the appointees, acknowledging their dedication during a pivotal time for the nation.
“The current situation demands serious commitment,” Tinubu said. “You have a duty to serve, and that’s what you must do.”
He also recognized the economic challenges facing the country, including high living costs and a debt service ratio that recently reached 97 percent of national revenue. Despite these issues, he praised recent progress, noting his administration’s success in lowering the debt service ratio to 65 percent while fulfilling all domestic and international financial obligations.
“We are keeping our head above water,” he stated, adding that Nigeria’s progress is a notable achievement in a world where many nations face similar economic pressures.
