President Bola Tinubu has commended Nigerians for their resilience in enduring the severe hardships caused by his administration’s economic reforms.
Tinubu declared that “the worst is over” and that “the seeds of those difficult but necessary decisions are now bearing fruit.”
Tinubu said this during his address to mark Nigeria’s 65th Independence Day on Wednesday.
“Upon assuming office, our administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth,” Tinubu stated.
“As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform.
“We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit.”
He also acknowledged that these reforms resulted in “temporary pains,” and “the biting effects of inflation and the rising cost of living,” which he said remain “a significant concern to our government.”
Tinubu added that “the alternative of allowing our country to descend into economic chaos or bankruptcy was not an option.
“Our macro-economic progress has proven that our sacrifices have not been in vain. Together, we are laying a new foundation cast in concrete, not on quicksand.”
According to the president “the accurate measure of our success will not be limited to economic statistics alone, but rather in the food on our families’ tables, the quality of education our children receive, the electricity in our homes, and the security in our communities.”
The president then stated “the worst is over, I say. Yesterday’s pains are giving way to relief. I salute your endurance, support, and understanding.”
