By Cross Udo, Abuja
President Bola Ahmed Tinubu has defended his administration’s economic reforms, saying the difficult policies introduced over the past three years are beginning to produce positive results for Nigerians.
In his Eid-el-Kabir message released yesterday ahead of the Sallah celebration, Tinubu said the country’s economy is becoming more stable despite the hardship caused by recent reforms.
According to Tinubu, the sacrifices made by Nigerians and his administration were necessary to secure a stronger future for the country.
“The reforms we have undertaken are challenging but necessary to build a stronger and more prosperous Nigeria for future generations,” the president said.
“Just as sacrifice brings reward, I am happy that the sacrifices and efforts we have made over the past three years have yielded a more stable economy, making our country a preferred investment destination that will drive job creation and economic growth. The walk through the dark tunnel is over, and the light is here.”
Since assuming office, Tinubu’s administration has implemented major economic reforms, including the removal of petrol subsidy and the floating of the naira to unify the foreign exchange market.
While the policies have been praised by some economists and international financial institutions, they also triggered a sharp rise in the cost of living, with food prices, transportation costs, and inflation increasing across the country.
The government, however, maintains that the reforms have helped to stabilise the naira and free up funds for sectors such as healthcare, education, and infrastructure.
