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Home Latest News

The Economy is Getting Better, Governors No Longer Borrow Money to Pay Salaries, President Tinubu Says

The President made the remarks while hosting religious and traditional leaders for an interfaith breaking of the fast at the Presidential Villa, Abuja, on Monday, March 9

Kemi Sheriepha by Kemi Sheriepha
March 10, 2026
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Bola Tinubu, the President of Nigeria, has said that Nigeria has overcome economic challenges under his administration, adding that state governors no longer go to banks to borrow money to pay salaries.

The President made the remarks while hosting religious and traditional leaders for an interfaith breaking of the fast at the Presidential Villa, Abuja, on Monday, March 9.

In a statement released, presidential spokesperson, Bayo Onanuga, said President Tinubu promised to continue making the most of the opportunity given to him to lead the country by sustaining the trajectory of economic growth and prosperity.

“I am just grateful, one person among millions, that I have been given the opportunity to serve. And all I can do is promise that I will continue to be faithful in discharging my duty. I can report that the economy has turned the corner.

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“It is getting better. Pensioners are getting their relief gradually. We have saved Nigeria from bankruptcy.

“It was very daunting and challenging when we took over. But today I can say with pride and joy that we have survived. No governor in this country is running around the banks to borrow money to pay the salaries of their workers,” the President said.

He also assured Nigerians that the nation would not allow agents of instability to undermine its peace, unity, and sovereignty, while acknowledging the critical roles religious and traditional leaders play in promoting stability and moral guidance in communities.

“Yes, we are challenged; the terrorists are very desperate now because they are getting barraged and defeated, they leave trails of blood in their wake. But I assure you of one thing: Nigeria will never surrender. We are not discouraged. We are going to win and win well” he added

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President Tinubu reaffirmed his commitment to investing in critical sectors such as agriculture and education to leave a lasting legacy for future generations. He urged Nigerians not to lose hope, assuring them that his administration remains focused on building a safer, more secure, and prosperous nation for all.

 

Metrowatchxtra

Tags: Nigerian EconomyPresident Tinubu
Kemi Sheriepha

Kemi Sheriepha

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