President Tinubu announces a significant reduction in Nigeria’s debt servicing burden, highlighting efforts to improve the nation’s financial stability by lowering the ratio from 97% to 65%.
President Bola Tinubu announced that his administration successfully decreased the nation’s debt servicing burden from 97 percent to 65 percent.
While congratulating the new ministers for accepting their roles during this challenging period, Tinubu advised them to be prepared for criticism and scrutiny from Nigerians. However, he emphasized that they must remain focused on improving the lives of over 200 million citizens.
On Monday, during the swearing-in ceremony for the seven newly appointed ministers to his cabinet, Tinubu made this statement.
The newly appointed ministers include Dr. Nentawe Yilwatda as the Minister of Humanitarian Affairs and Poverty Reduction, Muhammadu Maigari Dingyadi as the Minister of Labour and Employment, and Bianca Odinaka Odumegwu-Ojukwu as the Minister of State for Foreign Affairs.
At the Presidential Villa in Abuja, several individuals were sworn into office: Jumoke Oduwole as Minister of Industry, Trade, and Investment; Idi Mukhtar Maiha as Minister of Livestock Development; Yusuf Abdullahi Ata as Minister of State for Housing and Urban Development; and Dr. Suwaiba Said Ahmad as Minister of State for Education.
Peoplesmind
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Tinubu Reveals Debt Servicing Burden Cut to 65%: A Step Toward Economic Recovery
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