The stakeholders forum held a press conference on Thursday, October 17, at the APC national secretariat in Abuja.
The stakeholders forum called on Nigerians to persevere and support the Tinubu administration’s quest to transform the country.
They referred to the decision to raise the minimum wage from N30,000 to N70,000 Naira, the implementation of the consumer credit scheme, renewed hope cash transfer, student loan fund, and removal of importation taxes on food items as the basis for passing a vote of confidence in him.
The forum chairman, Comrade Haruna Sardauna, said President Tinubu deserves praise for reducing the country’s debt service ratio from 97 to 68 per cent and paying bills without borrowing like before.
While passing a vote of confidence in President Tinubu’s administration, the APC forum expressed optimism about Nigeria’s future under his leadership.
Meanwhile, the federal government has insisted on terminating fuel and foreign exchange subsidies.
The minister of finance and coordinating minister of the economy, Wale Edun, spoke declaration during the presentation of the Nigeria Development Update by the World Bank in Abuja on Thursday, October 17.
Edun revealed that these subsidies had drained the country’s economy, costing over N10 trillion, which amounts to five per cent of Nigeria’s Gross Domestic Product (GDP).
Source: TimesNow.com.ng
