A group, Bola Ahmed Tinubu Vanguard (BAT) on Friday declared that Nigeria is on the right path with ongoing reforms in the country, saying the reforms is going to stabilise the economy.
The group hinged its optimism on the gradual withdrawal of unsustainable payments and the unification of the FOREX market, which has redirected funds to critical sectors like healthcare, education and infrastructure.
According to BAT, these measures will reduce importation by 50% and boost investor confidence, thereby making the Nigerian Stock Exchange the best performing market.
Speaking at a press conference to mark One-Year Anniversary of Renewed Hope Agenda of President Bola Ahmed Tinubu, the National Convener of the group, Hon. Sola Olofin said assessing the Tinubu government in the last one year, it has been a series of reforms and novel transformations. “Even as we await the impacts to trickle down soon”.
Olofin recalled that President Tinubu established a presidential fiscal policy and tax reform committee aimed at reforming the tax system and reduce the tax burden on Nigerians.
“Mr President has pursued direct investments, enhanced international partnerships, and gainfully marketed Nigeria’s vast opportunities, thereby attracting investors to bring in more than $30 billion into key sectors of the nation’s economy” he said.
Olofin said “one thing has remained obvious; an uncommon determination by President Tinubu and his team to fix the Nigerian economy, and hopefully revisit the erstwhile practicable and cost-effective methods deployed to administer Nigeria, especially by our forbearers.
“All efforts are now focused on reducing the cost of governance while expanding where necessary. Now, the citizens are adequately mobilized to becoming productive and economically covered” he added.
He explained that President Tinubu has prioritised national security, culminating in massive investments in equipping the nation’s security forces.
He reiterated the group determination to contribute positively to the administration, in its efforts to reposition the economy to greatness.
