President Tinubu Announces Economic Recovery, Governors Cease Salary Borrowing
President Bola Tinubu has declared that Nigeria has successfully navigated through significant economic hurdles under his leadership, emphasizing a notable improvement where state governors are no longer compelled to seek bank loans to meet salary obligations. The President delivered this optimistic assessment during an interfaith breaking of the fast gathering held at the Presidential Villa in Abuja on Monday, March 9.
Confidence in Economic Progress and Fiscal Stability
In a statement released by presidential spokesperson Bayo Onanuga, President Tinubu expressed gratitude for the opportunity to serve the nation and pledged unwavering commitment to his duties. He highlighted that the economy has decisively turned the corner, with pensioners gradually receiving relief and the country being saved from the brink of bankruptcy. "I can report that the economy has turned the corner. It is getting better. Pensioners are getting their relief gradually. We have saved Nigeria from bankruptcy," Tinubu stated, reflecting on the daunting challenges faced upon taking office.
"No governor in this country is running around the banks to borrow money to pay the salaries of their workers," the President affirmed, underscoring a shift towards greater fiscal stability at the state level. This assertion points to reduced financial strain and improved revenue management across Nigeria's states.
Commitment to Security and National Unity
Beyond economic matters, President Tinubu addressed security concerns, assuring Nigerians that the nation will not yield to agents of instability threatening peace, unity, and sovereignty. He acknowledged the persistent challenges posed by terrorists, who have become increasingly desperate due to ongoing military operations. "Yes, we are challenged; the terrorists are very desperate now because they are getting barraged and defeated, they leave trails of blood in their wake. But I assure you of one thing: Nigeria will never surrender. We are not discouraged. We are going to win and win well," he declared, reinforcing his administration's resolve to combat insecurity.
The President also recognized the vital roles played by religious and traditional leaders in fostering stability and providing moral guidance within communities, highlighting their importance in national cohesion.
Focus on Legacy and Future Prosperity
Looking ahead, President Tinubu reaffirmed his dedication to investing in critical sectors such as agriculture and education, aiming to build a lasting legacy for future generations. He urged citizens not to lose hope, emphasizing that his administration remains steadfast in its mission to create a safer, more secure, and prosperous Nigeria for all. The event, which brought together traditional rulers and religious leaders, served as a platform to reinforce these commitments and celebrate collective progress.
This announcement comes amid ongoing efforts to stabilize the economy and enhance governance, with the President's remarks signaling a positive trajectory under his leadership.
