Tinubu: Why I Will Not Sustain Buhari's Debt Servicing Style

Tinubu: Why I Will Not Sustain Buhari's Debt Servicing Style

  • President Bola Tinubu has vowed not to sustain the economic strategy of the immediate past administration of President Muhammadu Buhari
  • While delivering the opening remark of the NBA conference in Abuja on Sunday, the president said he would not sustain the policy of using the country's meagre revenue to service debt
  • According to Tinubu, the prosperity Nigerians yearn for would only happen if the country can do away with poverty

FCT, Abuja - President Bola Tinubu has disclosed that his administration would not sustain the culture of the "failed economic theory" in which 90 per cent of the scarce revenue is used to service the external debt.

In a tweet by NTA, the president stated this in Abuja on Sunday, August 27, while declaring the annual conference of the Nigerian Bar Association open at the Velodrome, Chief MKO Abiola Stadium.

Read also

Breaking: President Tinubu gives ministers fresh directive to revive economy

Bola Tinubu/Presidency/Abuja/NBA/Nigerian Bar Association
President Tinubu reveals why he will not sustain Buhari's economic policy Photo Credit: Bola Ahmed Tinubu
Source: Twitter

Recall that the immediate past administration led by Muhammadu Buhari ran the economy on borrowing while much of its revenue was used to service the country's debt.

Tinubu delivers opening remarks of NBA

Speaking at the event, Tinubu said the prosperity Nigerians require will only happen when the country does away with poverty in its society.

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!

He added that Nigeria needs the focused cooperation of the private sector leaders.

He said:

“Can we continue to service external debts with 90% of our revenue? It is a path to destruction. It is not sustainable. We must make the very difficult changes that are necessary for our country to get up from slumber and be respected among the great nations of the world.”

Read also

Breaking: President Tinubu presides over inaugural FEC meeting, details emerge

See the tweet here:

The event had 16,190 lawyers in attendance, as many of them applauded the president's speech.

"This friendship nah tipatipa": Reactions as Seyi Tinubu dances to Lege's song

Legit.ng earlier reported that Seyi, the son of President Bola Tinubu, has been seen in a viral video dancing to the song of the controversial entertainer Lege Miami

Lege Miami, in the song, described himself as a friend of the president's son and has finally met with Seyi Tinubu

Some Nigerians have started reacting to the video of Seyi Tinubu and Lege Miami, describing it as a federal link-up.

Source: Legit.ng

Online view pixel