President Bola Tinubu assured Nigerians on Monday that his administration’s economic recovery plan is moving in the right direction, positioning the nation toward realizing its long-held dreams and aspirations.
Speaking at the State House while swearing in seven new ministers confirmed by the Senate, Tinubu emphasized that his administration had averted national bankruptcy and taken a firm stance against exploiters and resource smugglers.
Congratulating the new ministers, he called on them to display commitment and resilience as they join the cabinet’s efforts to address the nation’s pressing issues, stating, “The present situation calls for serious dedication. You’re here to serve at a critical time, and we need every ounce of that commitment.”
The economic recovery is on course. We’re paving the way for a future that benefits not just us but our children and grandchildren,” Tinubu noted.
He acknowledged the impact of inflation on the cost of living and highlighted his administration’s commitment to economic reform, including a recently implemented minimum wage increase.
“We inherited a scenario where 97% of the nation’s revenue was used to service debt. We’ve managed to bring that down to 65%, consistently meeting both domestic and foreign obligations. Our heads are above water, and we’re moving forward,” Tinubu added.
He stressed that Nigeria’s economic challenges mirror global trends, pointing to similar struggles in Europe and America post-pandemic.
“We’re not shirking responsibility; we’re tackling these issues head-on,” the President said.
The newly inaugurated ministers include: Dr. Nentawe Yilwatda, Minister of Humanitarian Affairs and Poverty Reduction; Alhaji Muhammadu Maigari Dingyadi, Minister of Labour and Employment; Mrs. Bianca Odumegwu-Ojukwu, Minister of State for Foreign Affairs; Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment; Mr. Idi Mukhtar Maiha, Minister of Livestock Development; Yusuf Abdullahi Ata, Minister of State for Housing and Urban Development and Dr. Suwaiba Said Ahmad, Minister of State for Education.