The ‘transient hardship’ that Nigerians have experienced as a result of the president’s economic policies is acknowledged by Bola Ahmed Tinubu.
On his first day in office, Tinubu said that in order to promote economic growth and investors’ confidence in Nigeria, he abolished the “expensive and corrupt fuel subsidy” and the “noxious exchange rate system” in a speech to the 78th session of the United Nations General Assembly (UNGA).
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However, the President insisted that it was crucial for Nigerians to endure the momentary hardship in order for his administration to create the country’s economy that they rightfully deserve.
The President who called on the global community to partner with Nigeria and Africa in a mutually beneficial manner stated that: “I am mindful of the transient hardship that reform can cause. However, it is necessary to go through this phase in order to establish a foundation for durable growth and investment to build the economy our people deserve.”
“The question is not whether Nigeria is open for business. The question is how much of the world is truly open to doing business with Nigeria and Africa in an equal, mutually beneficial manner.”
