President Bola Ahmed Tinubu has stated that no state governor in Nigeria is currently struggling to borrow from banks to pay workers’ salaries, describing the development as a sign that the nation’s economy is gradually stabilizing.
He made this remark while addressing religious and traditional leaders during an interfaith Iftar gathering at the Presidential Villa in Abuja.
Tinubu noted that the situation was very challenging when his administration assumed office, but expressed confidence that significant progress had been made in stabilizing the nation’s economy.
He attributed this progress to the economic reforms introduced by his administration, which have improved the financial standing of states, enabling governors to meet their obligations to workers without resorting to emergency borrowing.
The President also highlighted other achievements, including pensioners receiving relief and the country’s avoidance of bankruptcy.
He reiterated his administration’s commitment to investing in critical sectors such as agriculture and education to ensure a better future for Nigerians.
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