President Bola Tinubu has said that collective action among government, business leaders, civil society and the citizenry was crucial for economic stability, as the nation strives towards prosperity.
Tinubu, represented by the Head of Service of the Federation, Mrs Didi Walson-Jack, said this at the Nigerian Institute of Management Chartered ,NIM, Annual National Management Conference yesterday in Port Harcourt.
The News Agency of Nigeria (NAN) reports that the two day conference’s themed: “Economic Stability and National Security: The Contending Issues and the Way Forward”, was monitored via zoom.
The President noted that economic stability was not solely an economic issue; but had direct correlation with national security.
He said that the nation was at a crossroads where the interplay between economic health and national security could not be overstated.
He said that the nation must harness its collective expertise to develop robust policies that would stimulate economic growth while ensuring the safety and security of citizens.
Tinubu said that within the short time of steering the ship of the nation, his administration had made appreciable strides in diversifying the economy.
He said that there had been significant investments in some critical sectors, such as agriculture, technology, and renewable energy.
He, however, observed that in the bid to quickly kick-start and stabilise the weak economy, his administration had taken some hard economic decisions such as the floating of the Naira and removal of fuel subsidy.
“We recognise the fact that the pains occasioned by these reformative economic policies have been biting hard on the citizenry.
“But we are convinced that the economy and Nigerians will start reaping the benefits of all the sacrifices in no distant time.
“Security is the cornerstone of national prosperity, as a secure environment is a prerequisite for economic activities to flourish.
“However, Nigeria faces a host of security challenges including terrorism, banditry, kidnapping and communal clashes.
“It is imperative that we adopt a multifaceted approach to both economic and security challenges”, he said.
