How we reduced debt servicing profile from 97 to 65% in 17 months –Tinubu

President Bola Tinubu on Monday, took a cursory assessment of his administration in the last 17 months, saying he has been able to ramp up funds to reduce the debt servicing burden of the nation from 97 percent to 65 percent.

Speaking against the backdrop of his subsidy removal policy on fuel, Tinubu said he is focused on ending the reign of undue profiteering and smuggling of our common resources.

He made these remarks while swearing in seven new ministers recently appointed into his cabinet to boost its functionality.

Tinubu, while congratulating the new ministers for accepting to serve the country at this challenging time, said they should be ready for abuses and criticisms from Nigerians but must not lose focus on making lives better for over 200 million citizens.

Among the new ministers sworn in are Dr NentaweYilwatda as Minister of Humanitarian Affairs and Poverty Reduction, Muhammadu Maigari Dingyadi as Minister of Labour& Employment, and Bianca OdinakaOdumegwu-Ojukwu as Minister of State for Foreign Affairs.

Others who took the oath of office at the Presidential Villa Abuja were Jumoke Oduwole as Minister of Industry, Trade, and Investment (Trade and Investment); Idi Mukhtar Maiha as Minister of Livestock Development; Yusuf Abdullahi Ata as Minister of State for Housing and Urban Development; and Dr Suwaiba Said Ahmad as Minister of State for Education.

While acknowledging existing economic challenges, Tinubu said it accounted for why his administration shored up the national minimum wage.

He said with the intervention of his administration, he was optimistic the country was on a steady growth path.

Credit: dailypost.ng

 

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