While acknowledging the temporary discomfort, Tinubu stated that these steps were taken to secure the country’s financial stability.
Addressing concerns on rising living costs, high inflation (now above 28%) and underemployment, Tinubu acknowledged the groans of hardworking Nigerians from Broad Street in Lagos to the streets of Kano and Nembe Creeks in Bayelsa.
“Over the past seven months of our administration, I have taken some difficult and yet necessary decisions to save our country from fiscal catastrophe.
“Another was the removal of the chokehold of few people on our foreign exchange system that benefited only the rich and the most powerful among us. Without doubt, these two decisions brought some discomfort to individuals, families and businesses.
“From the boardrooms at Broad Street in Lagos to the main-streets of Kano and Nembe Creeks in Bayelsa, I hear the groans of Nigerians who work hard every day to provide for themselves and their families.
“I am not oblivious to the expressed and sometimes unexpressed frustrations of my fellow citizens. I know for a fact that some of our compatriots are even asking if this is how our administration wants to renew their h ope.
Despite frustrations, the President urged citizens not to lose hope, emphasising resilience in tough times. He called on Nigerians to unite and commit to being better citizens, working collectively for the good of the country in 2024.
The President pointed out that having established economic recovery plans in the past seven months of 2023, his administration is now ready to intensify service delivery across sectors.