President Bola Tinubu has said the economic foundation of Nigeria was laid on wrong foundation, and his government was out to change it in the right direction.
Nigeria’s President said his economic policies were geared towards putting the economy in the right foundation for prosperity.
Tinubu, who said on Democracy Day speech, on June 12, said though he knew that his government’s economic policies have brought hardship on the citizens, citizens would have to endure. He assured that his administration would not back the citizens.
“I understand the economic difficulties we face as a nation. Our economy has been in desperate need of reform for decades. It has been unbalanced because it was built on the flawed foundation of over-reliance on revenues from the exploitation of oil,” Tinubu said.
READ ALSO: We ‘ill send N62K agreed minimum wage to NASS- Tinubu
Speaking further on what to gain from his administration’s economic policies, Tinubu added, The reforms we have initiated are intended to create a stronger, better foundation for future growth. There is no doubt the reforms have occasioned hardship. Yet, they are necessary repairs required to fix the economy over the long run so that everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour.
“As we continue to reform the economy, I shall always listen to the people and will never turn my back on you.”
