Nigeria was bleeding when we took over, says Tinubu

Kunle Sanni

President Bola Tinubu has stated that when he assumed office, Nigeria was bleeding, stressing that the naira was facing significant challenges, and his administration took decisive measures to ensure its stability.

Tinubu, stated  this on Friday during a meeting with a delegation of Yoruba Leaders of Thought, led by Prince Tajudeen Oluyole Olusi.

Last year June, the CBN surprisingly announced the unification of the exchange rates, and in October, there was the removal of the foreign exchange restrictions on 43 items, which were imposed under former CBN governor, Godwin Emefiele. The apex bank’s new policy followed a declaration by Tinubu that the “monetary policy needs thorough house cleaning. The Central Bank must work towards a unified exchange rate”.

The president in a statement issued by his spokesperson Ajuri Ngalale said, “It has been challenging. It has been fulfilling as well. We took over, and we have stopped the bleeding. I can say categorically now that Nigeria is no longer bleeding. And it will not bleed to death, but rather will now move to prosperity. That is the promise that I made to you all, and it is also the charge that you gave to me.

“We are managing to swim through the pond. The current is not a good one. We will turn the tide. We are turning the bend. This I assure you. I am being very careful. The worst is over for Nigeria. We will prevail.”I thank the team who have been working really hard. All I can promise is that we will do whatever it takes. We are determined, and we will work so that all Nigerians can feel the impact of good governance.

“We will get value for our money, and it is not for ourselves, but for our children. Our children will not inherit the burden of bad governance. Yet, they will enjoy the prosperity of Nigeria as a blessed nation from our very hands; from our sweat. We will bequeath to them a nation full of pride and prosperity”