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By Samaila Emmanuel Bzugu
Nigeria’s President Bola Tinubu has reassured the nation that despite current challenges, the country’s “ship will not sink.” He made this statement during the swearing-in ceremony of seven new ministers at the State House in Abuja. The president urged the new ministers to remain focused and resilient, acknowledging that they will face criticism and abuse from Nigerians.
Tinubu emphasized his administration’s commitment to tackling Nigeria’s challenges head-on, citing efforts to stop scavengers and profiteers from exploiting the nation’s resources. He also recognized the increased cost of living and assured that his government would address these issues.
Nigeria’s economic growth has been a subject of concern, with the World Bank noting that the country’s economy experienced its deepest recession in four decades in 2020
The new Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, expressed her commitment to President Tinubu’s foreign policy, focusing on democracy, development, demographic engagement, and diaspora collaboration. She highlighted Nigeria’s economic potential, particularly through the African Continental Free Trade Area.
Minister of Trade and Investment Jumoke Oduwole echoed similar sentiments, stressing the need to optimize the AfCFTA for Nigerian businesses and retain domestic and foreign investments. She emphasized the importance of creating productive jobs that deliver value for Nigerians.
Nigeria’s economic growth has been a subject of concern, with the World Bank noting that the country’s economy experienced its deepest recession in four decades in 2020. However, with the new ministers on board, President Tinubu’s administration aims to navigate these challenges and achieve economic recovery.
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