President Bola Tinubu says there is no going back on the reforms introduced by his administration.
During his inaugural speech on May 29, 2023, the president announced removal of fuel subsidy and also directed the Central Bank of Nigeria (CBN) to collapse the existing exchange rates.President Bola Tinubu says there is no going back on the reforms introduced by his administration.
But speaking while receiving a delegation from the Corporate Council on Africa (CCA) led by Florizelle Liser, CCA’s President and Chief Executive Officer, in Abuja, on Thursday, Tinubu said, “We are right in the middle of a challenging stage of our reforms. We have headwinds, no doubt, but we are not going back.”
The President commended the recent landing of a 45,000-kilometre submarine fibre optic cable in Akwa Ibom State, which establishes connectivity for the entire South-South region of Nigeria with Europe, and other parts of Africa via the Atlantic Ocean.
Highlighting the significance of this accomplishment, the President noted that with the right policies, partnerships, and determination, Nigeria can overcome long-standing developmental challenges that have encumbered rapid progress across sectors.
Drawing on his extensive experience in corporate governance and interactions with CCA during his tenure as the two-term governor of Lagos State, President Tinubu expressed satisfaction with the Corporate Council’s dedication to fostering business connections between the United States of America and Africa.
”I am happy that the Council is interested in various segments of Nigeria’s economy… ‘We are challenged, and we believe we will overcome the challenges. I have a can-do attitude that must be translated into a must-do attitude. We have a good team, and we must remain focused to get the goal accomplished,” he said.
President Tinubu reaffirmed his commitment to creating an enabling environment for business to thrive, emphasizing that his administration’s focus on investing in key sectors, such as agriculture, solid minerals, energy, health, physical infrastructure, trade promotion, financial services, digital enterprise, and the creative economy is underpinned by the need to ensure the welfare and prosperity of citizens.