President Bola Ahmed Tinubu says Ongoing reforms will lead to a stronger economy.
The President stated this in his national broadcast to mark Democracy Day.
He reassured citizens that his administration’s policies would provide access to economic opportunities and fair compensation for all.
The President acknowledged the difficulties, saying reforms were necessary for a balanced, diversified economy.
According to him, long-term growth cannot be achieved without sacrifice.
He underscored his administration’s commitment to democracy and cooperation, citing the negotiation of a new national minimum wage with Labour without threats.
Today marks the democracy day anniversary, having been declared by former President Muhammadu Buhari.
Also a public holiday, June 12 commemorate the 1993 presidential election won by business mogul Moshood Abiola, who was denied the fruit of his victory by the then military government of Gen. Ibrahim Babangida.
The election was annulled, democratic structures erased
President Tinubu said: “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.
“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 never turn my back on you.
“I take on this vital task without fear or favour and I commit myself to this work until we have built a Nigeria where no man is oppressed.
“Together, let us move Nigeria forward. Let’s continue to keep the fire of democracy burning. Let’s keep the torch lit for generations to come.”
– President Bola Ahmed Tinubu
