“We Inherited Serious Liabilities, But Also Assets”: Tinubu Reveals
- President Bola Ahmed Tinubu said that his administration inherited serious liabilities after assuming office on May 29.
- Tinubu, however, said the liabilities also came with assets and his administration will not make any excuses
- The President disclosed this in Mecca, Saudi Arabia, stating that the deficits present opportunities for smart investors
Legit.ng journalist Adekunle Dada has over 5-year-experience covering metro and government policy
Mecca, Saudi Arabia - President Bola Ahmed Tinubu said that his administration inherited serious liabilities and assets from previous governments but assured that he would not make any excuses.
Tinubu disclosed this in Mecca, Saudi Arabia, on Monday evening, November 13, Channels TV reported
Source: UGC
The President lamented that the country has serious deficits in port and power infrastructure, as well as agro-allied facilities.
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As reported by Vanguard, Tinubu said the deficits present opportunities for investors who are ready to invest in the largest market in the continent of Africa.
According to a Tuesday statement from Tinubu’s spokesman Ajuri Ngelale. He said:
“We have serious deficits in port infrastructure, power infrastructure, and agro-allied facilities that will enable sustainable food security in our country. These deficits present an unrivalled opportunity for savvy investors in a market that is by far the largest on the continent. Yes, we had the vision to enable Lekki Deep Seaport before others saw it. We must be bold again.
“We inherited serious liabilities, but also assets from our predecessors. We do not make any excuses. There are several sectors replete with investment opportunities for smart investors. Access to finance and guarantees can be a hindrance in some cases. You can come in there. We see you as a critical enabler. You have partnered with us before. We want to scale it up now and do much more with greater ambition and clear vision.”
Tinubu to depart for Arab-Africa summit in Saudi Arabia
Meanwhile, Legit.ng reported that Tinubu departed for Saudi Arabia to attend the Saudi-Africa summit and the Arab African summit.
Ngelale said both summits were scheduled to hold on November 10 and 11, 2023, respectively. The
The Special Adviser to the President on Media and Publicity said Tinubu’s appearance at the summits marks fresh moves to engage Arab nations to attract businesses and additional Foreign Direct Investment to Nigeria.
Tinubu reveals what Nigeria needs to grow, prosper
Tinubu said Nigeria needs prayer and hard work to blossom to the required level.
Tinubu said the country was yet to reach the desired level but it will with hard work and dedication.
He stated this during an interview with NTA News after undertaking the lesser Hajj (Umrah) rites in the holy city of Makkah in Saudi Arabia.
Source: Legit.ng
