President Bola Tinubu has said though he does not have the magic wand, his administration would fix the economic challenges confronting the citizenry.
He also assured that the path to take the Nigerian child out of poverty has been cleared with his signing into law of the Student Loans Re-enactment Bill.
The President spoke Wednesday night when he hosted members of the All Progressives Congress, APC, Presidential Campaign Council, PCC, and the Independent Campaign Council to Iftar at the Old Banquet Hall, Presidential Villa, Abuja.
This is even as the Chairman of House of Representatives’ Committee on Student’s Loan, Gboyega Isiaka also assured Nigerians of the present administration’s resolve towards ensuring adequate funding of the Student’s Loan scheme for the benefits of students.
The country’s inflation rate has been on a steady rise since the Tinubu administration ended the petrol subsidy regime and unified the exchange rate in 2023.
In its latest report, the National Bureau of Statistics, NBS, said inflation rose to 31.7 per cent in February 2024, up from 29.9 per cent in the previous month.
The President, who also noted the country’s capacity to generate revenue was getting better, said: “It is the hard job that you promised the people of Nigeria when you were campaigning for me, you promised them a good result. Didn’t you? That is it! I have to work for it. No magic wand.
“I campaigned on hope, I have to rest on that hope, and push for that hope for the joy of everyone of us.
“The economy is looking good. Don’t worry about that… we know we have the challenge of inflation, it is okay, we will bring it down. We are reengineering, our revenue is getting better.”
The president said Nigeria was regaining its respect and sovereignty around the world, saying “not that we have to go there and hire them to do the job for us, we are doing it ourselves.”
”Whatever is happening to us, we have to solve it by ourselves. It is your effort, your thinking, your resourcefulness, your investment, your dedication and hard work that can only get us there.”
