Democracy Day: Tinubu Hails Economic Reforms, Vows Stability and Growth
President Bola Tinubu used his Democracy Day address to defend tough reforms introduced after inheriting a strained economy in 2023. He insisted these measures were necessary to restore credibility and public finances. He said higher federation revenues now empower states and local governments to invest in infrastructure, education, healthcare and security. Tinubu added that leakages have fallen and fiscal transparency has improved. Investor confidence has rebound across agriculture, energy, manufacturing, technology and creative industries. He highlighted expanded domestic refining, new power laws, off-grid projects and a N4 trillion bond to clear legacy debts in the electricity sector. On agriculture, the National Agricultural Development Fund will deploy 10,000 tractors over five years. Non-oil exports rose by 21 per cent last year. Tinubu acknowledged current hardships and pledged to fight inflation, boost food production, create jobs and ensure democracy is felt “in the pocket.”
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