President Bola Tinubu remains optimistic about his administration’s progress despite the prevailing challenges in Nigeria, emphasizing that the country has a responsibility to lead the rest of Africa toward success.
During a meeting with representatives from Bank of America at the State House, President Tinubu reiterated his government’s dedication to implementing reforms aimed at fostering sustainable growth and development in the nation.
He said, “We believe we are on the right track so far. We believe we need all the help we can get.”
President Tinubu appealed to the bank’s executives for assistance and collaboration that would lead to mutual advantages for both Nigeria and the financial institution.
According to President Tinubu, Nigeria’s governance and developmental hurdles necessitate fiscal and institutional reforms for effective resolution.
He emphasized the interconnection between 21st-century actions concerning climate change, finance, and innovation, stating that possessing a robust platform and embracing innovation would facilitate reform implementation and address these challenges.
“This is the largest economy and democracy in Africa, and if we cannot do it, nobody will do it for us,” he said.
Highlighting the significance of collective efforts, President Tinubu emphasized the need for the bank and other willing financial institutions to support Nigeria. One specific area of collaboration he mentioned was partnering to enhance the global competitiveness of Nigerian gas as a viable alternative revenue source.
During the meeting, Mr. Bernard Mensah, the leader of the visiting delegation and President of International for Bank of America, expressed enthusiasm about the initial strides taken by the new administration, which he believes will restore Nigeria’s rightful position on the global stage.
Mr. Mensah stated that the bank is ready to assist Nigeria in addressing both immediate and long-term challenges, not only through financial support but also by contributing valuable ideas.
Accompanying Mr. Mensah on the visit were Mrs. Yvonne Ike Fasinro, the Head of Sub-Saharan Africa for the bank, and Mr. Chuba Ezenwa, the Head of Investment Banking Sub-Saharan Africa.