Today marks another opportunity to give Nigerians hope, as Nigeria marks her 64th birthday today, October 1st, 2024.
The president of the Federal Republic of Nigeria, President Bola Ahmed Tinubu addressed the nation which was broadcast by radio and television channels at 7:00 am
Mr. President Stated that his administration has embarked on very earnest economic growth, to stop ‘Business as usual’ and national spill.
Furthermore, the president noted that the federal government has determined to improve the nation’s defense architecture to specially antagonize insecurity and defeat the anti-terror war.
He also said that despite the challenges facing the country, Nigeria stayed Strong, co-operated, and great as a country.
President Tinubu said that as the marks another year today, it stands as an opportunity to ponder on how far the country has been doing in the journey of nation-building.
It also serves as an avenue to rebirth the assignment handed over, to build a good nation that will make a good generation for now and the future. He let out.
However, Mr. President also opens up about his plan to summon a national youth conference, to share ideas on their ambition including employment generation, education, and development. Thetime for the meeting is yet to be unveiled but, he said it will last for 30 days.
Tinubu guaranteed the Nigerian citizens that his reforms would yield a successful result, and begged Nigerians to be patient with his administration to see them perform their assignments.
“My administration took over the leadership of our country 16 months ago at a critical juncture.
“The economy faced many headwinds, and our physical security was highly impaired. “We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse.
“We decided to reform our political economy and defence architecture.”
President Tinubu maintained that “the economy is undergoing the necessary reforms and retooling to serve us better and more sustainably.” “If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.”
The President said the reforms have attracted foreign direct investments worth more than $30 billion to Nigeria in the last year.
He added: “The more disciplined approach adopted by the Central Bank to monetary policy management has ensured stability and predictability in our foreign exchange market.
“We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex backlog of $7 billion. We have cleared the ways and means debt of over N30 trillion.
“We have reduced the debt service ratio from 97 per cent to 68 per cent.
“Despite all these, we have managed to keep our foreign reserve at $37 billion. We continue to meet all our obligations and pay our bills.”
Tinubu noted that his government is working towards stabilizing the country economically and in the security aspect, he will work towards uniting the nation because the country can only progress when there is peace and unity.
He showed his concern for the next generation and the need to act their energy for great future.
