President Bola Tinubu on Tuesday expressed confidence that his administration is on the pathway to success despite the challenges facing the country, noting however, that Nigeria needs all the help it can get.
He made the declaration while receiving visiting International Bank of America officials in his office at the presidential villa, Abuja, where he affirmed that the country has no reason to fail the rest of the African continent.
The President said his government is committed to instituting reforms that would engender the sustainable growth and development of the country.
“We believe we are on the right track so far. We believe we need all the help we can get,” he said, requesting the bank’s management for support and partnership that would advance mutual benefits for Nigeria and the financial institution.
According to a statement issued by Dele Alake, Special Adviser to the President, Special Duties, Communication and Strategy, President Tinubu also said that governance and development challenges facing the country cannot be addressed without fiscal and institutional reforms.
He added: “21st-century actions on climate change, finance and innovation are intertwined. Having a good platform and believing in innovation will help in undertaking reforms and tackling the issues.
“This is the largest economy and democracy in Africa and if we cannot do it, nobody will do it for us.”
But affirming that no one can do it alone, President Tinubu made a case for the bank and other willing financing institutions to help the country, for instance in partnering to ensure Nigerian gas compete favourably in the global market, as a viable source of alternative revenue.
In his remarks, the leader of the delegation and President of International for Bank of America, Mr Bernard Mensah, expressed excitement about the initial steps taken by the new administration, which, he said, is taking Nigeria back to its rightful place on the global stage.
He said the bank is willing to assist the country address its immediate and longer-term challenges not only in financing but also contributing with ideas.
With Mensah on the visit were the Head of Sub-Saharan Africa of the bank, Mrs Yvonne Ike Fasinro, and the Head of Investment Banking Sub -Saharan Africa, Mr Chuba Ezenwa.
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