By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Tinubu Warns of Past Economic Mismanagement, Pushes for Financial Stability Through Reforms
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
EconomyNews

Tinubu Warns of Past Economic Mismanagement, Pushes for Financial Stability Through Reforms

Oluwadara Akingbohungbe
By Oluwadara Akingbohungbe
Published: March 14, 2025
Share
3 Min Read
Bola Tinubu
Bola Tinubu
SHARE

President Bola Tinubu has raised concerns over Nigeria’s economic practices over the last fifty years, describing them as detrimental to the nation’s financial future.

Speaking at the State House in Abuja during a meeting with former National Assembly members from the aborted Third Republic, the President underscored the need for immediate reforms to avoid national bankruptcy.

According to Tinubu, Nigeria’s previous economic policies were unsustainable, with the country depleting resources meant for future generations.

“For 50 years, Nigeria was spending money of generations yet unborn and servicing the West Coast of our subregion with fuel. It was getting difficult to plan for our children’s future,” Tinubu said.

- Advertisement -

Since assuming office in May 2023, the President noted that he had encountered significant economic challenges that required decisive measures to prevent the nation’s collapse.

Highlighting the urgency of his administration’s actions, he stated, “We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.”

Acknowledging the patience and resilience of Nigerians throughout the reform process, Tinubu remarked on the positive outcomes of the new economic policies.

He noted, “Today, we are sitting pretty on a good foundation. We have reversed the problem; the exchange rate is stabilizing, and food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel.”

- Advertisement -

Reflecting on the importance of democratic principles in fostering sustainable development, Tinubu appreciated the dedication of his colleagues to the democratic cause.

“I am happy that you are holding to your belief in democracy. I thank you for keeping faith and remembering how we started. Some people missed the ball,” he stated.

Speaking on behalf of the delegation, Senator Emmanuel Chiedoziem Nwaka praised the administration’s economic reforms aimed at easing financial burdens on Nigerians.

He particularly applauded initiatives such as the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP), designed to assist students and young professionals.

“I appreciate you for what you are giving to students because the student population is the largest demographic in the country. Many have benefited from it,” Nwaka remarked.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Bola Tinubu fiscal policiesDemocratic governance NigeriaEmmanuel Chiedoziem NwakaFuture generations' wealth NigeriaNigeria economic reformsNigeria exchange rate stabilizationNigeria food price reductionNigerian Consumer Credit CorporationNigerian Education Loan FundNigerian fuel subsidy removal
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Tax Reform Bills Advance in House of Representatives After Committee Approval
Next Article Nigeria’s Education Sector Set for Major Overhaul by 2027

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
Aminu Dantata to be Buried in Madinah After Saudi Approval
News
- Advertisement -
Ad imageAd image

You May Also Like

CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
NewsSecurity

Security Situation Improving, CDS Urges Continued Support from Nigerians

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?