…Nigeria’s economy still facing crisis — Cardoso
President Bola Tinubu has said things are taking shape for the better, even though people may not like his government.
He said amid the tough challenges in the country, his administration had made some progress, noting that there are better days ahead.
The President, who was represented by the National Security Adviser, Nuhu Ribadu, made the remarks at the graduation ceremony for the Executive Intelligence Management Course 17 at the National Institute for Security Studies in Abuja, on Saturday,
He said, “Things are happening in our country today. People may not like us. They probably will disagree with one or two. But fundamentally, things are changing. And Nigeria will change.
“The economy is changing. Very tough, very difficult, very huge challenges we are facing. But I can assure you, better days are ahead of us,” he stated.
Tinubu also assured Nigerians of his administration’s commitment to ensuring security and stability in the country.
He said people with questionable character, would face justice irrespective of where they live.
“If you are a bad man, whether you are inside Nigeria or outside, you are in trouble. We will go after you. We will bring you to justice,” he stated.
Nigeria’s economy still facing crisis — Cardoso By
Meanwhile, the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has acknowledged that the country is currently facing a financial and economic crisis.
At the 14th Annual Bankers’ Committee Retreat in Abuja, the CBN Governor highlighted that the current administration inherited this challenging situation. He emphasized that the role of the Bankers’ Committee is crucial in addressing the crisis and in efforts to reflate the economy.
Cardoso pointed out that Nigeria is grappling with numerous issues, including poverty, rising inflation, infrastructure deficits, insecurity, and unemployment, urging members of the Bankers’ Committee to reflect on the past year’s challenges and work on actionable solutions to address them.
Additionally, Tope Fasua, Special Adviser to the President on Economic Affairs, raised concerns about excessive charges imposed by Point of Sale (PoS) operators. He called on both the CBN and commercial banks to ensure cash availability at all ATM points.
The three-day event, which brings together key players in the banking sector, is themed “Contract and Commitment to National Development and Economic Growth.”
