President Bola Tinubu has declared that Nigeria’s economy is finally bouncing back, with state governors now able to pay workers’ salaries without running to banks for emergency loans.
The President made this bold claim while hosting religious and traditional leaders for an interfaith Ramadan breaking of fast at the Presidential Villa in Abuja on Monday, March 9.
Speaking through his spokesperson, Bayo Onanuga, President Tinubu painted a picture of economic recovery, insisting that his administration has pulled Nigeria back from the brink of financial collapse.
“We Have Saved Nigeria From Bankruptcy”
“I am just grateful, one person among millions, that I have been given the opportunity to serve. And all I can do is promise that I will continue to be faithful in discharging my duty,” the President said.
“I can report that the economy has turned the corner. It is getting better. Pensioners are getting their relief gradually. We have saved Nigeria from bankruptcy. It was very daunting and challenging when we took over. But today I can say with pride and joy that we have survived.”
The President emphasized what he described as a major achievement: “No governor in this country is running around the banks to borrow money to pay the salaries of their workers.”
This statement directly addresses one of Nigeria’s most embarrassing economic realities in recent years, when several state governments struggled to meet monthly salary obligations, forcing workers to wait months for their pay.
Security Challenges Remain, But “Nigeria Will Never Surrender”
While celebrating economic gains, President Tinubu did not shy away from acknowledging the nation’s ongoing security challenges. He admitted that terrorists are “very desperate now” but assured Nigerians that the battle against insurgency is being won.
“Yes, we are challenged; the terrorists are very desperate now because they are getting barraged and defeated, they leave trails of blood in their wake. But I assure you of one thing: Nigeria will never surrender. We are not discouraged. We are going to win and win well,” he declared.
The President warned that Nigeria would not allow “agents of instability” to undermine the country’s peace, unity, and sovereignty. He praised religious and traditional leaders for their roles in promoting stability and providing moral guidance in communities across the nation.
Focus on Agriculture and Education
Looking ahead, President Tinubu reaffirmed his administration’s commitment to investing heavily in critical sectors like agriculture and education. He described these investments as essential to leaving a lasting legacy for future generations.
The President urged Nigerians not to lose hope, assuring them that his government remains laser-focused on building a safer, more secure, and prosperous nation for all citizens.
Will Nigerians Believe the Good News?
President Tinubu’s optimistic assessment comes at a time when many Nigerians continue to grapple with high cost of living, fuel price increases, and general economic hardship. Whether ordinary citizens share his view that “the economy has turned the corner” remains to be seen.
However, if state governments are truly able to pay salaries without begging for loans, it would mark a significant improvement from the dark days when workers went unpaid for months on end.
As Nigeria continues its economic journey under the Tinubu administration, only time will tell if these positive indicators translate into real relief for the average Nigerian on the street.
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