President Bola Tinubu, yesterday, said last year's removal of fuel subsidy and current efforts by his administration to manage Nigeria's foreign exchange market were necessary steps that prevented the country from going into bankruptcy.
President Bola Tinubu, yesterday, said last year's removal of fuel subsidy and current efforts by his administration to manage Nigeria 's foreign exchange market were necessary steps that prevented the country from going into bankruptcy.
He acknowledged that the subsidy removal was difficult and had drawbacks, but argued that it was in the best interest of the country. "We shared the pain across the board. We cannot but include those who are very vulnerable. Luckily, we have a very vibrant youthful population interested in discoveries by themselves and highly ready for technology, good education; and committed to growth."
Tinubu appealed to bigger economies of the world to actively participate in the promotion and prosperity of the region to achieve peace, stability, and economic growth. He further canvassed global collaboration and inclusiveness to drive capital formation and economic opportunities in Africa, particularly in the Sahel region.
According to Tinubu,"The rest of the world needs to look at the fundamentals of the problem; not just ordinary geopolitically but it has to go to the root. Has the world paid attention to the poverty level of Sahel, and the rest of ECOWAS? "The overall goal of the forum is to facilitate constructive dialogue, identify concrete solutions, and promote collaborative action to address the critical issues facing the global economy, such as geo-political tensions, inflation, supply chain disruptions, and the impact of climate change.
"There is always the initial resistance. Corruption, self-interest, and fraudulent activity will always be an enemy, but when you bend that curve, you will receive the benefit. The nation will receive the benefit." Gates, in his remarks, informed the president of a one-identity technological platform that could integrate variegated data. He emphasised the centrality of data harmonisation to planning, security, and tax efficiency.
"That benefit will take a few years. However, there will be more bank accounts, more financial inclusion, and effective government payment programmes."
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