- Okonjo-Iweala Commends President Tinubu for Stabilising Nigeria’s Economy
- She noted that President Tinubu deserves credit for the economy’s stability
- Says the next priority is to focus on economic growth
The Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, has commended President Bola Tinubu and his team for stabilising Nigeria’s economy.
Eko Hot Blog reports that Okonjo-Iweala praised Tinubu during an interview with reporters following her visit to the president on Thursday.
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“We believe that President Bola Tinubu and his team have worked hard to stabilise Nigeria’s economy, and an economy cannot truly improve unless it is stable,” she said.
She added, “President Tinubu deserves credit for the economy’s stability. The reforms have been moving in the right direction. The next priority is to focus on economic growth.
“Nigeria now needs to expand the economy while building social safety nets to support those affected by the reforms, helping them manage the hardships. That is the next step. We discussed with the president how to create social safety nets and grow the economy to generate more jobs and increase income for citizens.”
After taking office on May 29, 2023, President Tinubu announced the end of federal subsidies on fuel. This decision caused fuel prices to rise to as much as N1,200 per litre, triggering a sharp increase in the cost of food and other essentials, making life difficult for many Nigerians.
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