President Bola Tinubu has shared that the economic policies he introduced after taking office are beginning to show positive results. While he acknowledged that these changes have been tough on the people, he emphasized that they were necessary to address Nigeria’s economic challenges.
Speaking at the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure (FUTA), Tinubu, who was represented by Prof. Wahab Egbewole, Vice-Chancellor of the University of Ilorin, explained that the country is now shifting from a consumption-driven economy to one focused on production.
Tinubu called on Nigerians to understand and support the government’s decisions, adding that his administration welcomes both criticism and praise. He noted that the tough measures, such as removing the fuel subsidy and unifying the exchange rates, were essential to prevent the country from collapsing. Although he recognized the hardship these changes have caused, he believes they are necessary for a stronger future.
The President expressed confidence that the country’s macro-economy is improving more rapidly than expected. He also shared hope that Nigerian households will soon experience a better quality of life. Additionally, Tinubu reassured citizens that the government is working hard to ensure safety and security across the country. He promised that Nigeria’s future will be brighter, with prosperity for all.