“No Magic Wand, But a Promise to Restore Economy,” Declares President Tinubu Amid Rising Inflation
In a bold address to the nation, President Bola Tinubu has vowed to tackle Nigeria’s escalating economic challenges head-on. Despite the absence of a “magic wand,” the President reassured citizens that his administration is steadfast in its commitment to curb the soaring inflation rates.
Since the controversial decision to eliminate fuel subsidies and unify the exchange rate upon taking office in May 2023, the country has grappled with an unrelenting rise in inflation, exacerbating the financial strain on its populace. The National Bureau of Statistics’ latest figures paint a grim picture, with inflation reaching a staggering 31.70 percent in February 2024, a significant leap from 29.90 percent just a month prior.
Yet, in a recent gathering with the All Progressives Congress (APC) Presidential Campaign Council during the 2024 Ramadan Iftar at the State House in Abuja, President Tinubu conveyed a message of resilience and optimism. He emphasized the government’s active efforts to reverse the inflationary trend.
“The hard job is what we promised the Nigerian people. You campaigned for good results, and now we must deliver,” Tinubu stated. “We campaigned on hope, and it’s that hope we must fulfill to bring joy to every Nigerian. The economy is on the mend; don’t fret over inflation—we will bring it down. We’re reengineering our revenue streams, and our global standing is being restored. We won’t outsource our challenges; we will confront them head-on with our own ingenuity, investment, and hard work.”
The President’s pledge comes at a critical juncture as the nation seeks to navigate through economic turbulence with a sense of renewed determination.
