President Bola Tinubu has stated that Nigeria faced bankruptcy before his administration removed the fuel subsidy and introduced economic reforms.
Speaking at the State House while receiving former National Assembly members from the Third Republic, Tinubu said the decision was necessary to secure the future of younger generations.
He acknowledged the economic hardships Nigerians faced but insisted that the reforms were crucial to prevent economic collapse. He credited public support for stabilizing the exchange rate and reducing food prices, especially during Ramadan.
Senator Emmanuel Nwaka, speaking for the delegation, praised initiatives like the Education Loan Fund and Consumer Credit Corporation, saying they would ease financial burdens for students and young professionals.
