Tinubu says Nigeria’s economy has emerged from ‘darkest tunnel’
President Bola Tinubu has declared that Nigeria’s economy has emerged from its most difficult period, assuring citizens that the impact of his administration’s economic reforms will become increasingly evident.
The President made the remarks on Thursday, July 23, while receiving members of the research group Aseyori Tinubu at the State House. The delegation was led by Nigeria’s Permanent Representative to the United Nations, Ambassador Jimoh Ibrahim.
Tinubu said the growing interest from multinational companies seeking to invest in Nigeria reflects the country’s improving economic outlook and the success of the reforms introduced by his administration.
The President also praised Ambassador Ibrahim for his performance at the United Nations, describing his contributions as impressive.
“Your capacity is exceedingly reliable, and your performance at the United Nations is very impressive. You have achieved a lot at the UN within a short period. I am very proud of that,” Tinubu said.
He urged the ambassador to remain committed to his duties and continue working toward securing greater influence for Nigeria at the global body.
“This is an evolution that may not come back to our history in a very, very short time. I want you to work harder and get a permanent seat at the UN,” he added.
Speaking on the economy, Tinubu expressed confidence that Nigeria has moved beyond its toughest economic challenges.
“I could say the economy of our nation has passed the darkest tunnel. The twists and turns of democracy are there. We will continue to push for improvement. The economic recovery is here, proudly. We are running a very stable economy right now,” he said.
The President also highlighted progress in the Nigerian Education Loan Fund (NELFUND), disclosing that he recently approved additional funding for the scheme using assets recovered by the Economic and Financial Crimes Commission (EFCC).
Tinubu further stated that economic activities are improving and pointed to the absence of prolonged strikes by the Academic Staff Union of Universities (ASUU) as evidence of progress in the education sector.
“We have a production line going on well; we just need to stimulate the economy for growth. We can beat our chests with the bragging rights—no more ASUU strike. Today, our children are in school. The security is getting better, not getting worse,” he said.
