We Need To Stop The Bleeding Of Our Finances Through Speedy Actions–Tinubu

By BENJAMIN OMOIKE

Tinubu Reiterates Need To Stop Bleeding Of Nation’s Finances

President Bola Tinubu on Thursday insisted that there is urgent need to stop the bleeding in the nation’s financial system through speedy actions, saying he decided not to participate in the arbitrage entrenched in the country’s commercial system in order to rescue the country from collapsing.

The president stated this in Lagos at a state banquet organised for him by the Lagos State Governor, Mr. Babajide Sanwo-Olu.

President Tinubu, who arrived the Lagos House, Marina, at about 3.40pm, after his visit to Ogun State said, “We need to stop the bleeding of our finances through speedy actions; of fuel subsidy, we had no choice. From there, we must re-engineer the effectiveness of control and management of our resources in order to meet the obligation owed to Nigerians by politicians. We are on and I am standing here reassuring you that I will not relent in working with all of you with available resources.

‘’You can afford to go under, you can afford to be Father Christmas to neighbouring countries. We can’t just afford the petrol subsidy and it is getting a hold on the foreign exchange. I could say I want to share in the benefits and participate in the arbitrage but God forbid. No, that is why you elected me, it chose me to bring about changes that will benefit not only you but your grand children and our tomorrow.’’

After receiving a gift of Adamu Orisa symbol from Governor Sanwo-Olu, Tinubu, who thanked and commended everyone who believes in the positive Nigerian project with him, promised to bring about changes that will benefit all, operate an open door policy, and as well re-engineer the financial system of the country to enviable heights.

The host, Lagos State Governor, Babajide Sanwo-olu, promised to join hands with the President’s administration in rebuilding Nigeria to an unprecedented height.