President Bola Tinubu has declared that Nigeria will not sustain a failed economic theory that sees to the wastage of 90% of its scarce revenue in the servicing of external debts in the midst of many development challenges facing the country.
He stated this on Sunday in Abuja while declaring open the Annual Conference of the Nigerian Bar Association at the Velodrome, Chief MKO Abiola Stadium, Abuja.
According to the President, the prosperity Nigerians require will only occur once poverty is banished from the society with the focused cooperation of Nigeria’s private sector leaders.
“Can we continue to service external debts with 90% of our revenue? It is a path to destruction. It is not sustainable.
We must make the very difficult changes that are necessary for our country to get up from slumber and be respected among the great nations of the world,” the President intoned.
The President emphasized that despite the initial challenges associated with significant reforms, hard decisions must be made to steer the country toward a path of growth and progress.
“We cannot have the country we desire without the reforms we have initiated. It is painful at the beginning, in the short and medium term, but we must do what we have to do to take this nation to its great destiny.
It is not about you and it is not about me. It is about our generations yet unborn, for whom we must bequeath a great and prosperous country,” he affirmed.
Speaking to 16,190 lawyers in attendance, President Tinubu assured his commitment to deal conclusively with the pressing issue of remuneration for judicial officers and legal practitioners, noting that true justice reform must begin with world-class salaries and benefits for legal professionals in Nigeria.
“You are learned. I want to learn. Why are we so blessed and we are still lacking? We must have a change of attitude and a change of our mindset. We accuse our nation and its previous leaders.
We complain a lot about the past. Is that the solution? No! Let us look forward and be determined! God has given us what we need. We must work hard with determination to make our country great and it begins with you who are seated here with me,” he said.
The conference was attended by the Attorney General of the Federation, Prince Lateef Fagbemi; Chief of Staff to the President, Femi Gbajabiamila; Minister of Federal Capital Territory, Nyesom Wike; Minister of Sports, Senator John Enoh; former Secretary to the Government of the Federation, Boss Mustapha, past NBA Presidents and among others.
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