The Bleeding Of Nigerian Financial System must stop – Tinubu Pronounces

President Bola Tinubu has insisted that there is an urgent need to stop the bleeding in the nation’s financial system through speedy actions, saying he decided not to participate in the arbitrage entrenched in the country’s commercial system in order to rescue the country from collapsing.

CONTINUE READING>>>

The president, who arrived at the Lagos House, Marina at about 3.40 pm on Thursday, after he visited Ogun State, gave this position in Lagos at a state banquet organised for him by Governor Babajide Sanwo-Olu.

Tinubu said the country had no choice but to re-engineer the effectiveness of control and management of her resources in order to meet the obligation owed to her citizens.

“We need to stop the bleeding of our finances through speedy actions of fuel subsidy. We had no choice, from there, we must reengineer the effectiveness of control and management of our resources in order to meet the obligation owed to Nigerians by politicians.

“We are on and I am standing here reassuring you that I will not relent in working with all of you with available resources,” he said.

“You can afford to go under, you can afford to be Father Christmas to neighbouring countries. We can’t just afford the petrol subsidy and it is getting a hold on the foreign exchange. I could say I want to share in the benefits and participate in the arbitrage but God forbid. No. that is why you elected me, you chose me to bring about changes that will benefit not only you but your grandchildren and our tomorrow,” he added.

CONTINUE READING>>>

LEAVE YOUR COMMENTS BELOW