Nigeria's Resources Wasted Over the Past 50 Years, Tinubu Opens Up President Bola Tinubu has stated that Nigeria spent the past 50 years and more depleting funds meant for future generations.
The president expressed his displeasure when more or less senators of the Third Republic visited him at the Presidential Villa in Aso Rock, Abuja.
In a statement issued by Bayo Onanuga, the senators of the Third Republic, which Tinubu served as a Senator representing Lagos West, were at the Villa on Thursday, March 13.
At the meeting, the president reported the primary motive of his administration was to protect the relevancy of future generations.
Tinubu disclosed, “For 50 years, Nigeria was spending money of generations howbeit unborn and servicing the West coast of our subregion with fuel. It was getting difficult to plan for our children’s future.”
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Highlighting any of the efforts made by his administration to address the challenges confronted by the nation, the president stated Nigeria would have been bankrupt if he did not take over leadership.
“We competed with serious headwinds when I took over, very disputing 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.
“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, above all during Ramadan. We will have light at the end of the tunnel,” Tinubu added.
In his reaction, Emmanuel Nwaka who spoke on behalf of the visiting group lauded the president for more or less of the initiatives implemented by his administration.
Nwaka reported, “I appreciate you for what you are giving to students because the student population is the bigger 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 invading corruption. You see a young man, you come out of school, you require to buy a car, you have to put down cash, you need to buy a house, and you are not married, notwithstanding 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.
Category: World-News
Tag: Nigerias Resources Wasted Over the Past 50 Years Tinubu Opens Up
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Published 3/14/2025