Mark Aba
The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Goshwe Yilwatda, has said that the economic reforms introduced by President Bola Ahmed Tinubu are laying the groundwork for a stronger and more productive Nigerian economy.
He said the direction and potential of the reforms had received recognition from major international financial institutions, including the World Bank and the International Monetary Fund (IMF).
Yilwatda stated this in Uyo, Akwa Ibom State, during the APC presidential campaign rally held at the Senator Godswill Akpabio International Stadium, where President Tinubu and his entourage were received by party supporters.
Addressing the crowd, the APC chairman said Tinubu’s decision to tackle longstanding structural challenges demonstrated the administration’s commitment to repositioning the country for sustainable economic growth.
He acknowledged that the reforms had brought difficult adjustments but warned that abandoning them could reverse the progress made and plunge the country back into the economic difficulties that necessitated the policy changes.
“President Tinubu’s ambition to build a $1 trillion economy as more than a political aspiration, saying it was a strategic national development target supported by deliberate policy decisions and ongoing economic restructuring.
“Investments in infrastructure, transportation, education, maritime development and financial inclusion constitute key pillars of the administration’s economic transformation agenda,” he stated.
He further noted that the government’s commitment to developing the maritime sector would enhance the economic competitiveness of coastal states and increase their contributions to national development.
On taxation, Yilwatda said the ongoing reforms were designed to reduce the burden on low-income earners and small businesses, allowing them to retain more of their earnings and operate in a more favourable business environment.
The APC chairman also highlighted improved industrial relations in educational institutions and the government’s efforts to settle outstanding obligations to workers, pensioners and retirees of formerly privatised public enterprises.
He urged Nigerians to remain committed to the reform process, warning against any attempt to abandon the policies.
“Never again should Nigeria return to Egypt. We cannot afford to abandon the difficult but necessary work of rebuilding our economy and repositioning our country for sustainable growth,” he said.
Yilwatda maintained that the administration’s policies and investments were aimed at positioning Nigeria for long-term economic development and called on citizens to support the vision of building a stronger and more competitive economy.
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