The news is full of varied and interesting topics, and today we look at the economy and the challenges facing Governor Tinubu. Upon taking office, he faced soaring inflation, massive debt and high unemployment.
Indeed, when Tinubu arrived, inflation was approaching 30%, the national debt reached almost $40 billion and the unemployment rate was close to 33.3%. Alarming figures which called for courageous and bold measures to recover the economy.
The governor praised Tinubu’s actions, notably highlighting his decision to unify the exchange rate and remove fuel subsidies which were proving to be a real scam costing the country dearly. These policies, although necessary, are also difficult to implement, particularly in a country where more than 60% of the population lives below the poverty line.
Despite the challenges he faces, Tinubu remains optimistic about the positive impact of these policies on poverty reduction. He believes that if one is patient and sticks to these policies without compromise, things will eventually improve over time.
Meanwhile, Otti also welcomed the clearance given by Tinubu for the commencement of reconstruction works on the faulty portion of the Port Harcourt – Enugu road. He noted the progress made in this work and expressed confidence that the road would soon open, which would significantly reduce travel time between Port Harcourt and Aba.
This collaboration between the Federal Government and Governor Tinubu with the aim of fostering development for the well-being of the people demonstrates the governor’s commitment to the economic and social progress of his state.
In conclusion, Tinubu’s inauguration came at a delicate time in the economy, but his courage and bold policies aim to turn things around. Although there are challenges ahead, particularly in relation to poverty reduction, Tinubu remains confident in the long-term vision of these policies. The reconstruction of the Port Harcourt – Enugu road is a concrete example of his commitment to development and the welfare of his fellow citizens.