President Bola Ahmed Tinubu highlighted the economic gains of his almost two-year administration yesterday.
He spoke in Awka, the Anambra State capital, where he was guest of Governor Chukwuma Soludo at the commencement of a two-day visit.
He identified what he described as economic monsters that held the country by the jugular before he came into office.
He said the country was grappling with:
• Near-insolvent public finances;
• Chaotic foreign exchange systems and
• Unsustainable multiple subsidies.
“But like we tamed the Atlantic Ocean in Lagos, we have also begun to wrestle down these monsters,” he said.
The President, during his tenure as governor of Lagos, created the Atlantic City off the ocean, a policy that terminated the flooding of the beachfront on Victoria Island.
“Though the reforms are tough, they are necessary. We are beginning to see renewed hope, from increased agricultural productivity to a surge in small business activity, especially in tech and manufacturing sectors in which Anambra already excels.
“We must work together. We must be committed. We must lay a solid foundation for an inclusive economy, small businesses are coming back, and Anambra is already excelling.
“We have to invest in our future. I’ve always said it and I will continue to say it, though our tribal tongues may differ, we are one family. We only stay in different rooms.”
He added that the effects of forex reforms, fiscal reengineering and tax restructuring efforts were already attracting investors’ confidence and expanding economic opportunities across the country.
