President Tinubu’s Speech: A Strong Start Amid Economic Challenges, Says Former Presidential Spokesperson

President Tinubu’s Speech: A Strong Start Amid Economic Challenges, Says Former Presidential Spokesperson

RALD NEWS MEDIA reports that Dr. Doyin Okupe, a former Presidential spokesperson and Director-General of the Labour Party (LP) Presidential Campaign Council, has praised President Bola Tinubu for addressing the nation with clarity and honesty regarding the recent nationwide protests. Okupe expressed that Tinubu’s speech did not disappoint Nigerians, highlighting that for the first time, the president candidly outlined the severe economic challenges his administration inherited.

Okupe noted that President Tinubu emphasized the significant efforts his government has made to lower the burdensome debt servicing ratio from 97 percent of earned revenue to 68 percent. This reduction is crucial, as the high debt servicing ratio has been a major factor behind the country’s current economic struggles.

Furthermore, Okupe pointed out that the removal of the fuel subsidy was necessary for the government to function effectively and meet its obligations. Without this measure, the administration would have had to resort to continued excessive borrowing to finance national budgets, perpetuating financial instability and economic hardship.

In summary, Okupe believes that President Tinubu’s address demonstrated a clear understanding of Nigeria’s economic issues and the difficult decisions required to navigate them, offering a glimmer of hope for a more sustainable financial future.