President Bola Ahmed Tinubu
Don’t worry about inflation, I will bring it down, Tinubu appeals to Nigerians
President Bola Tinubu has stated that, while he does not possess a magic wand, his administration will address the economic difficulties that the citizens face.
Tinubu made the remarks while hosting the leadership of the All Progressives Congress (APC) Presidential Campaign Council for the 2024 Ramadan Iftar at the State House on Wednesday.
The country’s inflation rate has been steadily increasing since the Tinubu administration eliminated the petrol subsidy scheme and harmonized the currency rate in 2023.
In its latest report, the National Bureau of Statistics (NBS) said inflation rose to 31.7 percent in February 2024 — up from 29.9 percent in the previous month.
The president also said the country’s capacity to generate revenue is getting better.
READ ALSO:
“It is the hard job that you promised the people of Nigeria when you were campaigning for me, you promised them a good result. Didn’t you? That is it! I have to work for it. No magic wand,” he said.
“I campaigned on hope, I have to rest on that hope, and push for that hope for the joy of everyone of us.
“The economy is looking good. Don’t worry about that… we know we have the challenge of inflation, it is okay, we will bring it down.
“We are reengineering, our revenue is getting better.”
The president said Nigeria is regaining its respect and sovereignty around the world.
“Not that we have to go there and hire them to do the job for us, we are doing it ourselves. Whatever is happening to us, we have to solve it by ourselves,” he said.
“It is your effort, your thinking, your resourcefulness, your investment, your dedication and hard work that can only get us there.”
Over 330 dead as Israel unleashes ‘hell fire’ on Gaza Israel vowed on Tuesday to…
Corps member apologises to govt after calling Lagos ‘smelling state’ A National Youth Service Corps (NYSC)…
JUST IN: Wike revokes land allocation to PDP national secretariat The Minister of…
NLC replies Obasanjo, says he can't rewrite history The Nigeria Labour Congress (NLC) has hit back…
Corper who criticised Tinubu govt under pressure to apologise, says Sowore Omoyele Sowore, a human rights activist…
Rivers Assembly lists 17 impeachable offences against Fubara The Rivers State House of Assembly has issued…