Tuesday, April 16, 2024

Tinubu begs for patience, says his administration working to revamp Nigeria’s economy

The team is working, and we will work hard to give you the best economy and the best opportunities that you can imagine,” the President said.

• December 27, 2023
President Bola Tinubu (Credit: State House)
President Bola Tinubu (Credit: State House)

President Bola Tinubu says his administration will not stop working tirelessly to revamp the nation’s economy and create viable opportunities for young people to meaningfully participate in an inclusive, labour-intensive economy where businesses can thrive.

Mr Tinubu stated this at the State House in Marina, Lagos State, on Wednesday, during a town hall meeting with traditional rulers, chairpersons of local governments and local council development areas (LCDAs) and other political office holders in the state.

According to the President, Nigeria, under his Renewed Hope Administration, is undergoing a process of financial re-engineering.

He appealed to citizens to be patient and supportive of the ongoing reforms, which are bound to transform the economy for the better.

“The financial re-engineering of our country is ongoing. We are determined to deliver Nigeria safely through the tunnel of hope, stability, and economic prosperity.

“Nigeria is in good hands. The team is working, and we will work hard to give you the best economy and the best opportunities that you can imagine,” the President said.

Acknowledging the concerns raised at the meeting, the President explained that the complexities of state matters have limited his opportunities to frequently interact with some of his long-time friends and constituents in Lagos.

“For those having difficulty seeing me, kindly note that this job is monumental. It is not a one-man job. It is a collective task, and you have to be able to listen, decipher, tolerate, and sometimes what you do not expect will happen.

“As I was getting ready this morning to come here, news of the death of Governor Rotimi Akeredeolu of Ondo came in, as well as the passing of former Speaker of the House of Representatives, Ghali Umar Na’Abba.

“Power is transient. Only Almighty Allah gives power, and only He will take it.

“There is the value of life and the goodness in what we do. The salt of goodness is a multiplier of other good things that we must cherish. Not necessarily for us, but for our children and grandchildren,” the President said.

Reflecting on his tenure as the Executive Governor of Lagos State, the President recounted the challenges faced and the successes achieved at the time.

“‘To turn the ship around from cascading into turbulence and making it work was not easy.

“But we went through it, and today, Lagos still remains the most viable state in the Federal Republic of Nigeria, and it will continue on the path of glory. I thank you all,’’ he said.

In his speech, Gov. Babajide Sanwo-Olu of Lagos State thanked Mr Tinubu for his leadership and for being the pathfinder of “the modern Lagos State”.

“The legacy and blueprint that you created more than 20 years ago and bequeathed to us is still a working and living document that will continue to guide us in delivering quality service to the people,” the Governor said.

In his remarks, Oba Kabiru Shotobi, the Ayangburen of Ikorodu Kingdom, called for a constitutional amendment that recognises the role of traditional rulers.

“We have come to reiterate our loyalty to the President. We have absolute confidence in your capacity. Under your leadership, we expect Nigeria to attain the most enviable economic status in the comity of nations,” he said.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State


Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

President Bola Tinubu

Heading 3

Tinubu declares April 7 as National Police Day

Mr Tinubu said that his administration had initiated wide-ranging reforms to renew the nation’s Force upon assuming office in 2023.

Nigerian Army logo


Police, army probe soldiers’ alleged murder of Abia hotel manager

“Any official found culpable of wrongdoing will face appropriate legal sanctions.’’

COAS, Major General Taoreed Abiodun Lagbaja


Army Inter-Brigade combat four-day competition begins in Kano

The participants will compete for honours in drills, weapons handling, map reading and obstacle crossings.



Civil society council urges FG to protect Air Peace, other indigenous airlines from aero-politics

‘‘We want to passionately appeal to President Tinubu to grant Air Peace and other indigenous operators a tax waiver.’’

Akwa Ibom CP, Waheed Ayilara


Police arrest son for killing mum, father for murder of teenage son

Mr Macdon said that suspects would be arraigned after completion of investigation.

Festus Keyamo

Heading 3

Council begs FG to prioritise aviation sector for economic growth

He said the aviation sector in Nigeria is highly critical to national development.