President Bola Tinubu addressed the nation, acknowledging the tough economic challenges faced by Nigeria and explaining the reasons behind the policy measures he has taken.
He emphasized the removal of the fuel subsidy, which he believed had outlived its usefulness and cost the country trillions of Naira annually.
The President also discussed the problems caused by the multiple exchange rate system and expressed his commitment to fighting economic imbalances.
To alleviate the burden on citizens, he announced interventions to support businesses, the working class, and vulnerable groups, including investments in the manufacturing sector and funding for micro, small, and medium-sized enterprises. Tinubu assured the public that Nigeria would emerge from the present difficulties into a better and more prosperous future
