President Bola Tinubu has expressed confidence that his administration is on a path to success, notwithstanding challenges facing the country, even as he affirmed that Nigeria has no reason to fail the African continent.
While receiving visiting Bank of America officials in his office at the State House, yesterday, the President said his government is committed to instituting reforms that would engender 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,” the President said, as he asked the bank’s management for support and partnership that would advance mutual benefits for Nigeria and the financial institution.
Tinubu said governance and development challenges facing the country cannot be addressed without fiscal and institutional reforms.
According to him, “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 issues. This is the largest economy and democracy in Africa, and if we cannot do it, nobody will do it for us.”
Affirming no one can do it alone, Tinubu made a case for the bank and other willing financial institutions to help the country, for instance, in partnering to ensure Nigerian gas competes favourably in the global market, as a viable source of alternative revenue.
In his remarks, leader of the delegation and President of International for Bank of America, Mr. Bernard Mensah, expressed excitement about initial steps taken by the new administration, which, he said, are taking Nigeria back to its rightful place on the global stage.
He said the bank is willing to help the country address its immediate and longer-term challenges, not only in the area of financing but also in contributing ideas.
With Mensah on the visit were: Head of Sub-Saharan Africa of the bank, Mrs. Yvonne Ike Fasinro, and Head of Investment Banking Sub -Saharan Africa, Mr. Chuba Ezenwa.
