President Bola Tinubu has assured Nigerians that his administration will fix the country’s economic challenges, including bringing down the growing inflation rate.
He urged Nigerians not to worry, as he is determined to tame inflation, while acknowledging that he does not have a “magic wand.”
Persecondnews reports that Nigeria’s inflation rate has steadily increased, causing economic hardship to the people, following Tinubu’s removal of fuel subsidies and the unification of the exchange rate upon his assumption of office on May 29, 2023.
Also, the latest report by the National Bureau of Statistics (NBS) revealed that the county’s inflation rose to 31.70 percent in February 2024, up from 29.90 percent in the previous month.
The president, who gave the assurance when he hosted the All Progressives Congress (APC) Presidential Campaign Council for 2024 Ramadan Iftar at the State House in Abuja, said his government is working to reverse the economic hardship.
“It is the hard job that you promised the people of Nigeria when you were campaigning for me. You promised them a good result, didn’t you? That’s it; I have to work for it—no magic wand.
“I campaigned on hope; I have to rest on that hope and push for that hope for the joy of every one of us. The economy is looking good; don’t worry about that.
“Yes, we know we have the challenge of inflation. It’s okay; we will bring it down. We are reengineering our revenue; it is getting better, and we are taking our sovereignty and respect back around the world—not that we have to go there and hire them to do the job for us; we are doing it ourselves.
“Whatever is happening to us, we have to serve it ourselves. It is your effort, your thinking, your resourcefulness, your investment, your dedication, and hard work that can only get us there,” Tinubu said.
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