President Bola Tinubu has said that Nigeria spent the past 50 years and more depleting funds meant for future generations.
The president expressed his displeasure when some senators of the Third Republic visited him at the Presidential Villa in Aso Rock, Abuja.
In a statement issued by Bayo Onanuga, the senators of the Third Republic, which Tinubu served as a Senator representing Lagos West, were at the Villa on Thursday, March 13.
At the meeting, the president said the primary motive of his administration was to protect the interest of future generations.
Tinubu said, “For 50 years, Nigeria was spending money of generations yet unborn and servicing the West coast of our subregion with fuel. It was getting difficult to plan for our children’s future.”
Highlighting some of the efforts made by his administration to address the challenges faced by the nation, the president said Nigeria would have been bankrupt if he did not take over leadership.
“We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.
“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel,” Tinubu added.
In his reaction, Emmanuel Nwaka who spoke on behalf of the visiting group commended the president for some of the initiatives implemented by his administration.
Nwaka said, “I appreciate you for what you are giving to students because the student population is the largest demographic in the country. I’ve spoken with many of them, and many have benefited from it.
