The Speaker of the House of Representatives Hon. Abbas Tajudeen has said that the administration of President Bola Tinubu has been making significant strides in steadying the ship of the state through impactful reforms, policies, programmes and initiatives.
The Speaker in a statement issued Tuesday by his Special Adviser on Media and Publicity, Musa Krishi said Tinubu has demonstrated courageous leadership and taken bold decisions in the best interest of Nigeria and Nigerians.
He said the President met a lot of challenges in various sectors of the Nigerian society, including insecurity, economic downturn, national disunity, among others.
Abbas noted :”The President demonstrated his readiness for leadership on the first day in office by stopping the corruption-infested fuel subsidy, which had become a drain to the country. The subsidy regime was already throwing Nigeria into bankruptcy. Though that decision has expectedly caused some pains, it is a necessary economic policy that is key to our economic recovery and growth.
“The fuel subsidy removal and merger of the exchange rates showed his strong political will to prevent the administration from being taken hostage by the bureaucracy.
“He has equally rolled out some programmes and initiatives to alleviate the pains associated with the subsidy removal, including grants, education loans, distribution of food items fertiliser, and cash transfers.”
Abbas added that Tinubu is repositioning the National Social Investment Fund (NSIP) to deliver maximum value to the intended beneficiaries.
To this end, he said the President has established the Nigerian Education Loan Fund and the Nigerian Consumer Credit Corporation, the Presidential Compressed Natural Gas (CNG) initiative to provide cheaper alternatives to petrol and diesel for transporters and consumers.
Abbas stressed that the administration has also embarked on major policies and actions to attract long-term local and foreign investments to Nigeria ostensibly to create new jobs and ensure increased productivity for local consumption and export.