Stella Dimoko Korkus.com: President Tinubu Says For 50 Years We Were Spending The Monies Of Generations Yet Unborn

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Friday, March 14, 2025

President Tinubu Says For 50 Years We Were Spending The Monies Of Generations Yet Unborn

President Bola Ahmed Tinubu articulated on Thursday the rationale behind his administration's economic reforms, saying the primary motive was protecting the interests of future generations.
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"For 50 years, Nigeria was spending money of generations yet unborn and servicing the West coast of our subregion with fuel. It was getting difficult to plan for our children's future," he said.

He made these remarks at the State House in Abuja while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, during which he served as a Senator representing Lagos West.

The President highlighted the challenges faced at the beginning of his administration, especially economic and social issues, and expressed his gratitude for the delegation's support in addressing these difficulties:

"We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy's collapse.

President Tinubu declared that the administration had been able to stem the tide and expressed appreciation to Nigerians for their collective support in turning things around.

"Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel."

He said firm adherence to democratic tenets is the best route to economic, social, and political development.

"I am happy that you are holding to your belief in democracy. I thank you for keeping faith and remembering how we started. Some people missed the ball.
"Some leadership failed, but we kept the faith with our democratic beliefs and freedom and the right to aspire to the highest office in the land. I am benefitting from it."

Senator Emmanuel Chiedoziem Nwaka, who spoke on behalf of the group, expressed his delight at some of the programmes that the Tinubu administration had implemented, especially the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP) and at what the two organisations were offering Nigerians.

"I appreciate you for what you are giving to students because the student population is the largest demographic in the country. I've spoken with many of them, and many have benefited from it.

"And the next one is the CREDICORP. That's a major way of fighting corruption. You see a young man, you come out of school, you want to buy a car, you have to put down cash, you want to buy a house, and you are not married, but with the CREDICORP, you can get things done. I'm following their activities; we are delighted," he said.
Other members of the delegation were Sen. Bako Aufara Musa, Hon. Terwase Orbunde, Hon. Wasiu Logun, Hon. Amina Aliyu, High Chief Obi Anoliefo and Hon. Eze Nwauwa.

17 comments:

  1. Tinubu's spokesman

    ReplyDelete
    Replies
    1. Stella why do you keep enabling this tyoe of comment against you?
      This one is calling you Tinubu's spokesman and you posted it?

      Delete
    2. Cos she isn’t ashamed of it. Why are you ashamed on her behalf

      Delete
  2. Nigeria my country 🙄🙄

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  3. It's only God that can deliver us as we are now. I pity our unborn generation

    ReplyDelete
  4. Who are the ‘we’ Turubu I beg no add to my anger this morning

    ReplyDelete
  5. It's really worrisome. The country is absolutely corrupt. 😌😌😌

    ReplyDelete
  6. Credicorp?. The one ohakims DIL is working at?. Didn’t know ohakim still get connection

    ReplyDelete
  7. I pray he is able to do something to reduce the burden on the innocent unborn generation.

    ReplyDelete
  8. One of the best decisions he made was ending fuel subsidy. Nigerians also need to understand that the govt cannot continue to subsidize everything for them. For us to Fuel, electricity, etc, we must pay properly for it. No be to wan dey pay 140 for something with a landing cost of 800. If you understand the trillions of naira that was saved from those thieving oil marketers en, you will understand that this man took a bold step for Nigerians sake.

    ReplyDelete
    Replies
    1. Sadly, no generation wants to be the one that has to feel the pain for a better day to dawn. There is still a lot of waste and corruption that needs to be cleaned up. Unfortunately, even with many degrees hanging on their walls, so many are ill equipped to do the work that they have been assigned. They lack the critical thinking and creative minds to be changemakers. Some prefer the comforts of their air conditioned offices than even going about in the market, bukkas and meeting places to hear what the people are saying.

      Change never feels good when it is happening. But change must happen for growth to come along. The administration has implement a number of empowerment initiatives in their short time in office and that is worthy of mention.

      Delete
    2. 13:32, the glory cannot be attributed to him. This was something GEJ wanted to do and he gravely opposed him. Why? And now he suddenly is the savior. No, h is not. He set the country back by a lot.

      Delete
    3. Thank you ma/sir 2051, for your comment

      Delete
  9. People who don't know how to run their own house are having a go at this man. Without taking the bold steps he took Nigeria would have finish completely by now.

    ReplyDelete
    Replies
    1. The money saved where has it gone to?. People are struggling to eat. It’s been how many years already. Seems all have been shelved aside until elections in 2027. All the major moves that are being made of recent point to election prep

      Delete
  10. The same bold step you led protest against during Jonathan's regime, that you sponsored people to protest again saying "subsidy is scam, there is nothing like subsidy", you came into power and announced subsidy is gone..this can only happen in a country like Nigeria.
    Try this shit else where and see the country burn, rada rada.

    Pls can you come and tell us what you have achieved, how much you have saved???
    Electricity tariff is off the roof, price of everything increased (house rent, school fees, feeding, e.t.c).
    You don't care about the masses, go out and see people depressed and sad not knowing where their next meal will come from.
    God will judge you and your evil cronies.

    ReplyDelete

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