While expressing confidence that his administration was on the path to success despite the difficulties the country was facing, President Bola Ahmed Tinubu stated that Nigeria currently needs all the assistance it can get.
In a statement released on Tuesday, the president said his administration was dedicated to implementing measures that would foster the nation’s sustained growth and development.
The president stated that budgetary and institutional reforms were necessary in order to address the country’s governance and development issues while hosting visiting Bank of America employees in his office at the State House in Abuja.
“We believe we are on the right track so far. We believe we need all the help we can get,” the President said as he asked the bank’s management for support and partnership that would advance mutual benefits for Nigeria and the financial institution.
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“21st Century actions on climate change, finance and innovation are intertwined. Having a good platform and believing in innovation will help in undertaking reforms and tackling the issues.
“This is the largest economy and democracy in Africa and if we cannot do it, nobody will do it for us,” he said.
While acknowledging that no one could achieve this goal on their own, President Tinubu argued that the bank and other willing financial institutions should assist Nigeria by, for example, cooperating to guarantee that Nigerian gas competes favourably on the global market and is a viable source of alternative revenue.
Mr. Bernard Mensah, the head of the delegation and president of Bank of America’s international division, spoke enthusiastically about the first steps the new administration has taken in returning Nigeria to its proper position on the world stage.
He declared that the bank was ready to help the nation overcome both its short-term and long-term problems, both financially and by offering its ideas.
Mr. Chuba Ezenwa, head of investment banking for Sub-Saharan Africa, and Mrs. Yvonne Ike Fasinro, head of Sub-Saharan Africa for the bank, accompanied Mr. Mensah on the tour.
