“How we saved Nigeria from bankruptcy” – Tinubu

President Bola Tinubu has declared that his administration saved Nigeria from the brink of national bankruptcy by laying a solid foundation for gradual economic recovery.

The President stated that removing the fuel subsidy was critical to preventing fiscal collapse and restoring long-term economic stability.

Tinubu made the remarks while hosting state governors who visited the Presidential Villa to celebrate this year’s Eid al-Adha (Sallah) and mark his third year in office.

In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President noted that ongoing reforms across various sectors are gradually restoring investors’ confidence in the economy.

He commended the governors for their resilience and support, saying they have stopped depending on federal bailouts.

“I’m glad governors are no longer borrowing from the federal government and asking for interventions… You kept the spirit, you kept the hope.

“You persuaded our people to be patient and endure these three years of painful reform, during which we put the economy on a reset. Today, the benefits are showing,” Tinubu said.

Governors present at the meeting were those of Lagos, Nasarawa, Jigawa, Sokoto, Kebbi, Taraba, Niger, Ekiti, Delta, Ondo, Edo, and Adamawa states.

Others included the governors of Benue, Enugu, Ogun, and Kogi states, as well as the deputy governors of Borno and Kano states.