President Bola Tinubu has stressed that his administration is committed to restoring trust in Nigeria’s economy. He highlighted that they are focusing on reducing inflation, stabilizing the foreign exchange market, and improving the management of government finances.

Tinubu shared these remarks on Tuesday during the 17th Annual Chartered Institute of Bankers of Nigeria (CIBN) Banking and Finance Conference in Abuja.

During the event, which was attended on his behalf by Vice President Kashim Shettima, the President described the conference’s theme, “Accelerating Economic Growth and Development: The State of Play and the Way Forward,” as both timely and necessary.

He pointed out that the conference is happening at a time when the country is dealing with several connected challenges.

According to Tinubu, these challenges include high inflation, rising costs of living, unemployment, a lack of infrastructure, and the impacts of global economic changes.

Despite these difficulties, Tinubu noted that they also present opportunities for growth and development.

In response to these challenges, the President stated that his government has taken bold but difficult actions to reform the country’s overall economic environment.