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Nigeria was near bankruptcy when I took office — Tinubu

President Bola Tinubu has said his administration has pulled Nigeria’s economy back from the brink of collapse, assuring Nigerians in Saint Lucia that key reforms are helping to stabilise the country and restore investor confidence.

Speaking during an interactive session with the Nigerian community, Tinubu said he inherited a nation that was nearly bankrupt when he took office.

This was revealed in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga.

It was stated that, while speaking during an interactive session with members of the Nigerian community on Wednesday at the Windjammer Resort in Castries, President Tinubu highlighted the dire economic conditions his administration met on assuming office and outlined the measures taken to turn the situation around.

“We inherited a country that was near bankruptcy.

“But we have been able to rescue the economy. Nigeria has recovered. We have made the smuggling of our oil unattractive.

“We have stopped chasing forex papers at the Central Bank of Nigeria,” Tinubu said.

He acknowledged that although Nigeria’s per capita income remains low, his administration is rolling out policies aimed at fostering inclusive growth and ensuring long-term economic stability.

The meeting, which brought together Nigerian professionals, students, and religious leaders in Saint Lucia, marked the second such engagement in as many days.

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