My administration’s economic policies on right track: Tinubu

The president said the administration was on the pathway to success despite the country’s challenges.

News Agency of Nigeria • July 4, 2023

President Bola Tinubu [Photo: Twitter OfficialABAT]

President Bola Tinubu says his administration’s current policies were targeted at engendering a successful economy and secure nation.

Mr Tinubu said this while receiving the visiting Bank of America officials, according to a statement by presidential aide Dele Alake.

The president said the administration was on the pathway to success despite the country’s challenges.

“We believe we are on the right track so far. We believe we need all the help we can get,” the president said.

The president added that the country has no reason to fail the rest of the African continent.

He said that the government was committed to instituting reforms that would engender the sustainable growth and development of the country.

Mr Tinubu urged the bank’s management to support and partner with the government to advance mutual benefits for Nigeria and the financial institution.

He said the country’s governance and development challenges can only be addressed with fiscal and institutional reforms.

The president said, “21st-century actions on climate change, finance and innovation are intertwined. Having a good platform and believing in innovation will help in undertaking reforms and tackling the issues.

“This is the largest economy and democracy in Africa, and if we cannot do it, nobody will do it for us.”

Mr Tinubu also called on the bank and other willing financing institutions to help the country ensure that Nigerian gas competed favourably in the global market as a viable alternative revenue source.

In his remarks, the leader of the delegation and president of International for Bank of America, Bernard Mensah, lauded the initial steps taken by the new administration.

He said the steps are taking Nigeria back to its rightful place globally.

Mr Mensah said the bank would assist the country in addressing its immediate and long-term challenges not only in financing but also by contributing ideas.

He was accompanied on the visit by the Head of Sub-Saharan Africa of the bank, Yvonne Fasinro, and the Head of Investment Banking Sub -Saharan Africa, Chuba Ezenwa.

(NAN)

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