Monday, May 20, 2024
HomeFinanceNigeria's President Tinubu Vows to Bring Down Inflation

Nigeria’s President Tinubu Vows to Bring Down Inflation

President Tinubu has assured that Nigeria is on the path to greatness under his leadership, pledging to steer the country out of its current economic crisis.

Addressing members of his political party on Wednesday night, Tinubu articulated his commitment to tackle the country’s soaring inflation rate, which has been a pressing concern for the Nigerian populace. With inflation reaching double digits in recent months, the cost of living has surged, adversely impacting households across the country.

Presidential spokesperson Ajuri Ngalale in a statement on Thursday quoted the President as saying that his economic reforms have begun to pay off.

“The economy is looking much better”, Tinubu said. “Yes, we have challenges of inflation, but we will bring it down. When the exchange rate was going haywire, it looked like we were asleep, but we worked on it diligently, and it is going down; it is getting better.”

He added, “Borrowing was higher a year ago, but today, we are reengineering the financial landscape, and our revenue is expanding. And we are taking up our sovereignty and earning our respect back in the comity of nations.”

Ezinwanne Onwuka reports for TruthNigeria from Abuja.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Recent Comments