Nigeria facing challenging times –Tinubu

• Says economy not distressed •Acceptance of grains from Ukraine does not sign of failure –Minister

President Bola Tinubu has confessed that Nigeria is facing challenging times but rebuffed the notion that the economy is in distress, emphasizing that current circumstances were not beyond repairs.

Speaking at the 16th edition of the Leadership 2023 Conference and Awards held at the Transcorp Hotel, Abuja with the theme “An Economy in Distress: Which Way Forward? the president premised his optimism in the ongoing efforts aimed at steering the country out of its current challenges.

The president was awarded Person of the Year 2023 in recognition of his “undisputable can-do spirit” that marked him out as a quintessential politician who defied monumental odds to emerge as the candidate of the All Progressives Congress (APC), after which he went on to win the 2023 presidential election.

The award, the Leadership Newspaper also said is to acknowledge the president’s courage in taking a number of difficult but necessary decisions in order to reposition the country towards economic prosperity.

Tinubu who was represented by the Minister of Information and National Orientation, Mohammed Idris accepted the fact that the country is facing some challenges, but it is not helpless.

“Interestingly, that last line offers itself as a perfect answer to the question that is the theme of today’s event, which is “An Economy in Distress: Which Way Forward?”

“The fact that we are having challenges at the moment does not make Nigeria a failed state. Therefore, accepting grains from Ukraine does not make Nigeria or Egypt failed countries.

“It is a normal thing, because countries exist to depend on one another.’’

According to the minister, it is true that Nigeria is facing some challenges, but President Tinubu is aware of this, and he does not shy away from it.

“Nigerians voted for Tinubu with the deeper understanding and conviction that he has the capacity to turn things around for the better; and that is what he is doing.

“Some of the decisions he has taken were to ensure that Nigeria finds its place in the comity of nations.

“The decisions include removal of fuel subsidies and addressing the issue of foreign exchange and many others. In spite of the current challenges, the economic growth of Nigeria is on track and has continued to improve.’’

Idris explained that fuel subsidy removal was a bold step in the right direction, and urged Nigerians to support the president as the country would soon begin to reap the benefits.



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