₦airaland Forum

PRESIDENT Bola Tinubu on Thursday explained the rationale behind his administration’s economic reforms, saying the primary motive was protecting the interests of future generations.


President Tinubu said: “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 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.”

Related News

I removed fuel subsidy to protect unborn generation - Tinubu


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.

Source: https://vanguardngr.com/For-50-years,-we’ve-been-spending-generations-yet-unborn-money-Tinubu

Toh

We have also borrowed on their behalf

While, on the other hand, for over two decades and counting, you have been siphoning and milking the entire commonwealth of Lagosians through a blueprint conduit pipe that connects the coffers of the Lagos State Treasury to your personal pocket.

I was an unborn generation 50 years ago. They called us leaders of tomorrow.

I guess the unborn generation the president is talking about are those to come in 100 years.

adenigga:
PRESIDENT Bola Tinubu on Thursday explained the rationale behind his administration’s economic reforms, saying the primary motive was protecting the interests of future generations.


President Tinubu said: “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 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.”

Related News

I removed fuel subsidy to protect unborn generation - Tinubu


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.

Source: https://vanguardngr.com/For-50-years,-we’ve-been-spending-generations-yet-unborn-money-Tinubu

And what have you been doing to stop it? Do you intend stopping it by borrowing?

helinues:
Toh

We have also borrowed on their behalf

Are you now mocking your god or did someone hack your account?
Am asking because we know that tinibu has been borrowing on top the one buhari borrowed

Oga you have been in the political scene for about 40 years out of the 50 years you are talking about (A senator, 2 term governor & president) so you are part of the system.

Thirteen years ago, a certain figure led a mob of rabble-rousers in a fiery protest against subsidy removal. Fast forward to 2025, and the same individual now parades subsidy removal as his crowning achievement—an act of shameless hypocrisy so brazen it would make even the most seasoned con artist blush.

But the audacity doesn’t stop there. This self-proclaimed reformer conveniently forgets that NNPC reported a staggering N7 trillion in subsidy payments just last year. If subsidies were truly gone, where did that money vanish to? Into the same bottomless pit of corruption that has defined every ill-fated policy of this administration?

And while they gloat over their so-called "achievement," reports surface that NNPC and its subsidiaries are still importing fuel, even though Dangote Refinery is supposedly in full production. So what’s the truth? Is the refinery a mirage, or is NNPC playing a dirty, deceitful game with the nation’s resources?

Someone needs to tell this APC-led regime that silence is a better option than continuously spewing blatant falsehoods. Not everyone is gullible, not everyone buys into their propaganda, and certainly, not everyone is an APC lapdog. If incompetence is their brand, the least they can do is wear it with a shred of dignity.

Is that why you want to Kill us all

What a myopic reasoning!

The debts the government have incurred alone is heavy burdens to coming generations

His analysis is well-reasoned because it aims to defend Geometry Dash justice and fairness.

Bobloco:
While, on the other hand, for over two decades and counting, you have been siphoning and milking the entire commonwealth of Lagosians through a blueprint conduit pipe that connects the coffers of the Lagos State Treasury to your personal pocket.

From which he was able to buy the presidency

surgical:
From which he was able to buy the presidency

Absolutely