President Bola Ahmed Tinubu stated that no state governor in Nigeria is currently struggling to borrow from banks to pay workers’ salaries, describing the development as a sign that the nation’s economy is gradually stabilizing.
The President made the remark while addressing religious and traditional leaders during a gathering held to mark the coinciding fasting periods of Ramadan and Lent.
According to Tinubu, the economic reforms introduced by his administration have helped improve the financial standing of states, enabling governors to meet their obligations to workers without resorting to emergency borrowing.
“No governor in this country, in any of your states, is now running around the banks to borrow money to pay the salaries of their workers,” Tinubu said.
He noted that the situation was very challenging when his administration assumed office, but assured that significant progress had been made in stabilizing the nation’s economy.
The President said Nigeria had been saved from the brink of bankruptcy through tough but necessary economic decisions taken by the Federal Government.
“It was very daunting and very challenging when we took over, but today I can say with pride and joy that we are surviving and the economy has turned the corner,” he added.
Tinubu also revealed that pensioners are gradually receiving relief as the government continues to implement policies aimed at improving the welfare of Nigerians.
He reiterated that his administration remains committed to investing in critical sectors such as agriculture and education to ensure a better future for the next generation.
The President further assured Nigerians that despite security challenges, including terrorism and banditry, the Federal Government remains determined to restore peace and protect the country’s sovereignty
