President Bola Tinubu says his reforms of the past two years in office are laying a sustainable foundation for a more prosperous future for Nigerians.
Tinubu, who was elected as President on May 29, 2023, stated that his Renewed Hope Agenda was working to reduce the cost of living, promote economic justice and build a business-friendly economy that attracts investment and supports every Nigerian.
He framed these efforts as building blocks for a “more sustainable future” and thanked Nigerians for their unwavering support.
In commending Nigerians for their steadfastness through two turbulent years, he said their support had been vital to confronting inherited challenges head-on.
“Fellow Nigerians, as we mark the second anniversary of our administration, I salute your resilience and undaunted spirit.
“While my administration has implemented the reforms to restore and reinvigorate our economy and strengthen our social fabric as a strong and united country, I must thank my fellow citizens for your unrelenting support and belief in the grand vision we share to uplift our nation and renew our collective hopes and aspirations.
He reminded citizens that the administration is at the halfway mark of its mandate and reaffirmed that the economic turnaround is well underway.
He explained that under the Renewed Hope Agenda, his administration remained open about its drive to tackle economic instability, improve security nationwide, reduce corruption, reform governance, and lift our people out of poverty.
The President acknowledged that, although living-cost pressures persist, the economy is showing clear improvement.
He noted that inflation is easing as prices of rice and other basic foods fall. According to him, the oil-and-gas sector has rebounded, with rig activity more than quadruple its 2021 level and fresh investments exceeding $8bn.
He argued that these gains have stabilised the economy, leaving it better placed for future growth and more resilient to external shocks.
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