Amid the 2024 Democracy Day celebration, President Bola Tinubu has reassured Nigerians that the ongoing national reforms were not intended to inflict pain but to “fix” the economy.
President Tinubu who gave this assurance while addressing the Nigerians in a national broadcast on Wednesday in celebration of the unbroken 25 years of democracy in Nigeria, said the various initiated reforms are intended to create a stronger, and better foundation for future growth.
The President, however, sympathised with the masses, saying he understood the current economic difficulties ravaging the nation.
He said, “There is no doubt the reforms have occasioned hardship. Yet, they are necessary repairs required to fix the economy over the long run so that everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour.
“As we continue to reform the economy, I shall always listen to the people and will never turn my back on you,” the president assured.
“Our economy has been in desperate need of reform for decades. It has been unbalanced because it was built on the flawed foundation of over-reliance on revenues from the exploitation of oil.
“I say to you here and now that as we celebrate the enshrinement of our political democracy, let us commit ourselves to the fulfilment of its equally important counterpart, the realisation of our economic democracy.
“I understand the economic difficulties we face as a nation. As we continue to reform the economy, I shall always listen to the people and will never turn my back on you.
The president’s kind words follow several economic policies, reforms and new taxes being put in place by his administration, which have resulted in skyrocketing inflation and a rise in the cost of living.
