President Bola Tinubu Reveals Success in Meeting Financial Obligations Without Relying on NNPC or CBN Funds
In a recent media chat at his Bourdillon residence in Ikoyi, Lagos, President Bola Tinubu shared that over the past three months, his administration has successfully fulfilled Nigeria’s financial obligations without resorting to funds from the Nigerian National Petroleum Company Limited (NNPCL) or the Central Bank of Nigeria’s (CBN) Ways and Means.
Tinubu emphasized that his government has broken away from previous financial practices, showcasing its ability to meet national commitments without tapping into these crucial sources of funding.
President Tinubu Confidently Reflects on His Performance and Tackles Corruption in Nigeria
During a recent media chat at his Bourdillon residence in Ikoyi, Lagos, President Bola Tinubu confidently addressed questions about his self-assessment, saying, Why not? Will you score me? If I do my homework right, I should grade myself. His response highlighted his assurance in his administration’s direction and achievements so far.
In the same discussion, President Tinubu reiterated his firm commitment to fighting corruption at every level. One of the key measures he pointed to in this fight was his decision to raise Nigeria’s national minimum wage to ₦70,000, which he sees as a fundamental step in addressing the root causes of corruption.
Corruption in all its forms is harmful to the people, Tinubu stated. But first, pay attention to the causes. Why are people corrupt? Lack of social amenities, lack of funds, their children’s education…” He emphasized that by improving citizens’ quality of life, the government could begin to address the systemic issues that often lead to corrupt practices.
The President further explained that raising wages and meeting the basic needs of Nigerians were crucial anti-corruption strategies. There are many anti-corruption mechanisms we can put in place to help people avoid corruption. Paying them good and living wages is one of them. I increased the minimum wage from ₦35,000 to ₦70,000; to me, that’s anti-corruption, Tinubu added.
Tinubu also touched on the importance of transparency in governance, noting that his administration has prioritized increased funding for state and local governments, along with the open disclosure of government revenues.
While acknowledging that corruption may never be completely eradicated, he expressed confidence that it could be minimized to a significant extent by addressing the basic needs of the people. It’s very difficult to say you’ll eliminate corruption completely, but you can reduce it to the barest minimum by addressing the people’s needs,” he concluded.
