President Bola Tinubu has affirmed that the economic measures introduced at the onset of his administration are starting to deliver the anticipated outcomes. Despite acknowledging the severe impact on Nigerians, he emphasized that these decisions were necessary to address the nation’s pressing challenges.

The President made these remarks during the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure (FUTA). Represented by the Vice-Chancellor of the University of Ilorin, Prof. Wahab Egbewole, Tinubu highlighted the nation’s transition from a consumption-based economy to a production-driven one as a pivotal achievement of his administration’s policies.

The President said, “The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates.

“I am not unaware of the consequences of the tough decisions on our people. I sincerely wish there could be softer options.

“The macro-economy of our dear country is improving by the day and beyond expectations. The micro-economy, which directly affects our citizens, is also taking shape gradually with positive results.

“By the grace of the Almighty God, every household will experience a better life and have brighter hope for the future.

“We are working hard to ensure the safety of every Nigerian in every part of the country. Our security architecture is up to the task, and the ugly narratives of the past are changing for good. Also, we are not relenting in our pursuit of making our country a haven of prosperity for all.”