(3 Minutes Read)
The address came as protests against economic hardship were staged in a few states. Tinubu who took office last year, defended the reforms which contributed to pushing the inflation rate to a 28-year high
In a televised address coinciding with the 64th Independence Day anniversary celebrations, Nigerian President Bola Tinubu called for patience amid a tough economy.
In his address, Bola Tinubu notably listed security gains and investments in farm machinery among achievements that will help ease the economic pressure. The administration knows that many struggle with rising costs and the search for meaningful employment. The president announced the launch of a National Youth Conference known as “the 30-day Confab” whose recommendations will be considered and implemented.
The address came as protests against economic hardship were staged in a few states. Tinubu who took office last year, defended the reforms which contributed to pushing the inflation rate to a 28-year high. He notably cited the reduction of national debt and US$30 billion in foreign direct investments.
Meanwhile, Nigerians staged mass protests against economic hardship in the West African nation. Tinubu’s call for patience among the citizens was discarded by protesters, who claimed that life had become difficult because of the high cost of living amidst inflationary pressures. prices
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Waving placards, the protestors demanded better opportunities and jobs for young people, especially in a country that has some of the world’s highest poverty and hunger levels despite being a top oil producer on the continent. It is the second mass protest in two months in Africa’s most populous country amid worsening hardship caused by the government’s reforms to save more money and shore up dwindling foreign investments.
