President Bola Ahmed Tinubu has revealed that he assumed leadership of Nigeria at a time when the country was nearly bankrupt. Speaking at a gathering with investors during the World Economic Forum in Saudi Arabia, he explained that Nigeria’s financial state required urgent action and bold decisions. Tinubu took over Nigeria in a condition that demanded immediate economic restructuring and sacrifice from both leaders and citizens.
According to the President, the country was burdened by heavy debts, dwindling revenue, and over-reliance on subsidies that were no longer sustainable. He said his administration had no choice but to take tough steps to revive the economy. Tinubu removed fuel subsidies and unified the exchange rate, which he described as courageous but necessary measures.
These reforms came with short-term pains, yet Tinubu believes they are laying the foundation for long-term economic recovery. He urged Saudi investors to trust the direction his government is taking and to see Nigeria as a viable investment destination. Tinubu took over Nigeria when confidence was low, and he is now working to rebuild trust and create opportunities.
During the meeting, the President emphasized that he is fully aware of the struggles Nigerians are facing. He said he understands the hardship but assured that his administration is focused on long-lasting solutions, not temporary relief. He highlighted the need for global partnerships, adding that Nigeria is open for business and willing to collaborate.
Tinubu’s message was clear and direct. He said the country cannot return to the era of wasteful spending and unsustainable borrowing. He stressed that tough choices today will guarantee a better future for all. The President also said that his leadership style prioritizes transparency and responsibility, and he is determined to ensure that Nigeria becomes a competitive player in the global economy.
Several government officials accompanied the President to the event, including the Minister of Finance, Wale Edun, and the Coordinating Minister of the Economy. The team engaged with investors and foreign dignitaries, sharing Nigeria’s renewed vision under Tinubu’s leadership.
Saudi investors responded with interest. They noted Nigeria’s large market and youthful population, and they said Tinubu’s reforms signal a government ready to take charge. The meeting ended with promises of future collaboration and strategic investment dialogues.
Back home, Nigerians continue to feel the impact of subsidy removal and inflation. However, Tinubu remains confident that the path he has chosen is the right one. He said the people deserve a country that can fund its development and not rely solely on borrowing.
The reforms are part of a broader economic plan aimed at reducing poverty, stabilizing the naira, and attracting foreign capital. Tinubu believes in bold leadership, and he is showing that by taking decisive actions. He said Nigeria will rise again, and he is doing everything possible to steer the country in that direction.
This message of hope, combined with a clear plan, is gradually restoring global faith in Nigeria’s economy. Investors are taking notice, and Tinubu continues to push forward, undeterred by early resistance.
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