President Bola Tinubu has again acknowledged the effect of his economic reforms on Nigerians’ living condition, stressing that they come with what he described as temporary pains.
Tinubu however considered the reforms as essential as he reiterated the need to prevent the country from further descending into economic chaos and bankruptcy.
The President made this known during his nationwide address in a national broadcast delivered in commemoration of Nigeria’s 65th Independence Day anniversary on Wednesday.
He maintained that the biting effects of inflation and rising cost of living remain his administration’s major concern.
Tinubu assured Nigerians that his administration’s success will not only be measured by economic statstics but made realistic by provision of affordable food, quality education, social amenities, and adequate security.
“Fellow Nigerians, I have always candidly acknowledged that these reforms have come with some temporary pains.
“The biting effects of inflation and the rising cost of living remain a significant concern to our government.
“However, 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.
“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.
“Let me assure you of our administration’s determination to ensure that the resources we have saved and the stability we have built are channeled into these critical areas.
“Today, the governors at the state level, and the local government autonomy are yielding more developments.” He said.
The President in his message to the country charged Nigerians to join his administration in nation-building by engaging more in production, innovation, and enterprise rather than consumption.
He called for the patronage of Made-in-Nigeria products.
“Therefore, on this 65th Anniversary of Our Independence, my message is hope and a call to action. The federal government will continue to do its part to fix the plumbing in our economy.
“Now, we must all turn on the taps of productivity, innovation, and enterprise, just like the Ministry of Interior has done with our travel passports, by quickening the processing.
“In this regard, I urge the sub-national entities to join us in nation-building. Let us be a nation of producers, not just consumers.
“Let us farm our land and build factories to process our produce. Let us patronise‘Made-in-Nigeria’ goods. I say Nigeria first. Let us pay our taxes.
“Finally, let all hands be on deck. Let us believe, once more, in the boundless potential of our great nation.” The President added.
