President Bola Tinubu has admitted that the country’s unemployment rate was not acceptable.
The President while speaking at the inaugural Federal Executive Council (FEC)on Monday in Abuja said in order to turn things around, the ministers were selected to perform their utmost best.
Tinu u also unfolded a three-year economic revival plan to address the social and economic challenges affecting the country.
He challenged the ministers to achieve the first phase of his administration’s eight-point agenda within three years.
Tinubu asked the members of his cabinet to work hard to revive the country’s economy because Nigeria is in a difficult time.
The President, however, warned the cabinet members that they were appointed to make headway in the challenging times, adding that failure would not be explained away under his watch.
Tinubu stated: “You and I know that expectations are high, and these are tough times. We must work hard and move ourselves to create a buoyant economy that will serve Nigeria.
“We have an employment rate that is unacceptable, and we are facing threats from climate change. In order to turn things around, you have been selected to perform your utmost best.
“Our policy implementation will reform the economy, ensure inclusive growth, and strengthen security for peace and prosperity. Without security, there can be no investment.
“We shall evolve a homegrown re-engineering of our finances, a reimagined stewardship of our resources, and we will let the economy work for the people of this country.
“There are so many things we can and will do. Yes, some cynics will say it is impossible. But in your own dictionary of service, everything is possible, and it must be possible,’’ he told the ministers and other cabinet members.”
The President stated categorically that anyone thinking that appointments are fixed-term appointments was mistaken.
He added: “We have the talent. We have the level of intellectual capacity required to turn this country around. We will make sure that the country is on the right path to succeed on behalf of more than 200 million Nigerians who rely on us.”
“It is in your hands now. I am ready to listen and to cooperate. I am ready even to be corrected. Only God is perfect.
“You have been asked to fetch water from a dry well. The challenges are great, but we will deliver for Nigerians. I am happy to be the captain of this vehicle.”