President Tinubu Urges Nigerians to Exercise Fairness Amidst Economic Challenges.

President Tinubu Urges Nigerians to Exercise Fairness Amidst Economic Challenges.

In response to the prevailing economic challenges in Nigeria, President Bola Tinubu has called on citizens not to exploit the situation for undue profit. The National Bureau of Statistics recently reported a 28.2% inflation rate, marking the highest since August 2005.

Acknowledging the impact of certain economic policies on the populace, Tinubu, in an interview on Sunday, expressed his awareness of the severity of the crisis. He emphasized the global nature of the challenge, citing the escalating costs of living, and assured Nigerians that proactive measures were being taken by his administration.

"As your president, I am deeply aware of the economic crisis’s severe impact on Nigerians, and we are part of a global challenge with the rising costs of living. To help our people, my administration is taking proactive steps. Moreover, we urge all Nigerians to be mindful of the current economic situation and avoid exploiting it for abnormal profits," Tinubu stated.

Addressing the Federal Government's conditional cash transfers to 15 million households, Tinubu expressed confidence in the effectiveness of the initiatives. He highlighted their significance in providing relief to the most vulnerable segments of the population, especially during the year's final quarter when the prices of basic items typically rise.

"I am steadfast in my belief in the efficacy of our cash transfer initiatives. These initiatives are a crucial part of our strategy to target and provide relief to the most vulnerable segments of our population, especially during the last three months of the year when the prices of basic items typically rise," he affirmed.

As the nation grapples with economic strains, President Tinubu's call for fairness aims to foster a collective responsibility to navigate these challenging times.