Economic Reforms: I have no cabal or sponsors to compensate —Tinubu
President Bola Tinubu has addressed concerns about manipulation in his economic reforms, asserting that his campaign was self-funded and independent of any external influences.
Speaking to a delegation of Islamic leaders led by Sheikh Bala Lau at the State House, Tinubu emphasized that his election win was due to divine intervention, meticulous planning, and support from Nigerians.
“I have no cabal. I have no sponsors. The money I spent on the elections was my personal fortune. At some point, the odds were against me; banks were locked. But Allah, the Almighty God, said I will be the President. Mine is to now follow the leading and teaching of the Almighty God,” Tinubu stated.
He warned against protests driven by anger and hate, suggesting they could escalate into violence and hinder national progress. Tinubu outlined plans for social welfare reforms, including support for education through student loans, consumer credit for buying homes and cars, and a more than 100% increase in the minimum wage.
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Religious and traditional leaders, including the Emir of Zazzau Ahmed Bamalli and the Ooni of Ife Oba Adeyeye Enitan Ogunwusi, echoed calls for patience and caution amidst the planned nationwide protest against economic hardship. They emphasized the importance of maintaining peace and avoiding the destruction of the country.
This meeting is part of President Tinubu’s efforts to mitigate the backlash against his policies, which have faced severe criticism due to the removal of fuel subsidies and the floating of the naira, leading to a sharp rise in the cost of living.
Despite measures like a new minimum wage and distribution of palliatives, many argue that the administration’s actions have yet to effectively address the challenges.
