President Bola Tinubu has given his assurance to Nigerians that his administration will work towards reducing the high inflation rate and addressing the economic challenges that the country is facing.
Tinubu made this assurance while speaking at the APC Presidential Campaign Council to the 2024 Ramadan Iftar at the State House.
He said that even though he does not have a magic wand, Nigerians should not worry as he is determined to end inflation.
The most recent report from the National Bureau of Statistics (NBS) reveals that Nigeria’s inflation rate increased to 31.70 percent in February 2024.
This is a rise from the previous month’s rate of 29.90 percent.
However, President Tinubu said his government is working to reverse it.
He 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’s 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 every one of us. The economy is looking good, don’t worry about that.
“Don’t worry about that. Yes, we know we have the challenge of inflation – it’s okay, we will bring it down. We are reengineering our revenue, it is getting better, and we are taking our sovereignty and respect back around the world – 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 serve it by ourselves. It is your effort, your thinking, your resourcefulness, your investment, your dedication, and hard work that can only get us there,” he said.
