The nation’s financial system needs reform, and President Bola Tinubu has stated he is working to make sure the budgetary process is transparent.
At the Lagos House, Marina, where he was hosted by Governor Babajide Sanwo-Olu on Thursday, the President made this statement.
Along with other members of the All Progressives Congress, former governors Babatunde Fashola and Akinwunmi Ambode attended the event.
Tinubu thanked the other governors and dignitaries who attended the event to honour him as well as Sanwo-Olu for hosting him.
He praised the Governance Advisory Council members, telling them, “You all can see now that it pays to persevere.”
Thank you for helping the Nigerian people understand that we must take action to stop the financial bleeding by swiftly removing fuel subsidies, Tinubu said. We are powerless.
Then, in order to fulfil the duty owed by politicians to Nigerians, we must re-engineer the efficiency of control and management of our resources.
He stated, “We must re-engineer the nation’s financial system…and ensure that our economic planning and budgetary process is transparent enough to serve all Nigerians.”
He reiterated that in order to stop the financial bleeding in the country, the fuel subsidy had to be eliminated.
Nigeria “can’t afford to be Father Christmas to other countries,” he continued. We cannot simply continue to pay the subsidy.
Bringing about “necessary changes that will benefit not only you, but your grandchildren and our tomorrow,” he claimed, was why Nigerians chose to elect him.
In order to achieve true federalism in the country, Tinubu vowed to maintain an open door policy and collaborate with the state governors. He made the appeal that “I want us to partner together to rescue our nation and make it whole again.”
