Tinubu Says Nigeria Has Escaped Bankruptcy, Governors No Longer Borrow To Pay Salaries

President Bola Tinubu has declared that Nigeria’s economy is now on a path of recovery, stating that the financial difficulties inherited by his administration have been overcome.

The President spoke on Monday at the Presidential Villa in Abuja while hosting traditional and religious leaders during an interfaith Iftar gathering. His remarks were contained in a statement released by his spokesperson, Bayo Onanuga.

Tinubu assured Nigerians that he remains committed to using the mandate given to him to strengthen the nation’s economy and ensure sustained growth and prosperity.

“I am just grateful, one person among millions, that I have been given the opportunity to serve. And all I can do is promise that I will continue to be faithful in discharging my duty. I can report that the economy has turned the corner.

“It is getting better. Pensioners are getting their relief gradually. We have saved Nigeria from bankruptcy.

“It was very daunting and challenging when we took over. But today I can say with pride and joy that we have survived. No governor in this country is running around the banks to borrow money to pay the salaries of their workers,” the President said.