President Bola Tinubu says the “bitter pill” must be
administered to an ailing nation and economy to build a better future for the
country.
According to a statement by Ajuri Ngelale, presidential
spokesperson, on Thursday, Tinubu spoke at a meeting with members of the board
and management of the Nigerian Economic Summit Group (NESG).
He said Nigeria is blessed with rich human and natural
resources, in addition to deficit opportunities, which can quickly be leveraged
into new prosperity.
The president called for the urgent exploitation of
Nigeria’s diversity for collective gain, with an eye on new think tanks in the
agricultural sector and the establishment of a commodity exchange.
“We have gone through
the past. I will not look back. The focus of my horse and my race remains
forward-looking,” Tinubu said.
“We have an abundance of knowledge and untapped mineral
resources, and an agricultural sector that is God-given, but we tend to shy
away from taking those gigantic steps that will result in prosperity for our
people.
“We are not exploiting our diversity for prosperity, we are
at each other’s throats, arguing about unnecessary things, instead of thinking
and doing for our people.”
The president said he was elected on a “no excuses” platform
for renewed hope and that he will not accept excuses from anyone in his
government as they set out to deliver on his agenda.
“I don’t see why Nigeria will be so blessed with good soil
and not have a commodity exchange. I don’t see why we have not been able to
interrogate our real estate sector and propel it,” he said.
“I don’t see why we have not used consumer credit to build
the purchasing power of our people and the capacity of our very own
manufacturing sector.”
Tinubu said his administration’s reforms are anchored on a
“strong adherence to accountability and transparency.”
While commending the NESG for believing in the reforms of
his administration, he emphasised the need for robust public-private sector
partnership to grow the economy.
Also speaking at the meeting, Olaniyi Yusuf, chairman of
NESG, welcomed the economic reforms announced by the Tinubu-led administration,
specifically with respect to petrol subsidy removal, foreign exchange rate harmonisation,
food security and palliatives to sub-national governments.
Yusuf pledged that the NESG would work with the newly
inaugurated cabinet to achieve the eight-point agenda of the administration.
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