President Bola Tinubu has reaffirmed his administration’s commitment to safeguarding the welfare of Nigerians, particularly the poor and vulnerable, despite the ongoing economic reforms. He assured that no additional tax burdens would be imposed on the populace already grappling with financial challenges.
President Tinubu made this promise on Wednesday in Rio de Janeiro, Brazil, during a meeting with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, on the sidelines of the G20 Leaders’ Summit.
Acknowledging the impact of the reforms on citizens’ purchasing power, the President, through a statement by his spokesperson, Bayo Onanuga, highlighted the government’s efforts to provide social safety nets to mitigate the adverse effects of the policies.
He congratulated Georgieva on her re-election for a second term as IMF Chief and expressed gratitude for her support in advancing Nigeria’s reform agenda. Tinubu also called for further institutional backing to ensure stability and sustainable economic growth.
“We have started seeing positive results from our reforms, and the Nigerian people now understand the need for them, but we have to reduce the hardship that has resulted from the implementation,” the President stated.
He further stressed the importance of expanding access to quality education as a cornerstone of national development.
