Despite the difficulties facing the nation, the President also voiced confidence that his administration was on the right track.
On Tuesday, President Bola Ahmed Tinubu said that the Bank of America and other willing financial institutions could assist Nigeria in a variety of ways, including working together to guarantee that Nigerian gas competes favorably on the world market and is a viable source of alternative revenue.
According to a statement by Dele Alake, Special Adviser on Special Duties, Communication and Strategy, the President told BOA representatives that his administration is committed to implementing reforms that foster the nation’s sustainable growth and development.
Despite the difficulties Nigeria faces, he expressed confidence that his administration was on the right track and claimed that Nigeria has no excuse to let the rest of Africa down.
The head of the delegation and President of International for Bank of America, Mr. Bernard Mensah, spoke enthusiastically about the first steps the new administration has taken in returning Nigeria to its proper position on the world arena.
See the full statement below:
STATE HOUSE PRESS RELEASE
WE’RE ON THE RIGHT TRACK TO SUCCESS – PRESIDENT TINUBU
President Bola Ahmed Tinubu has expressed confidence that his administration is on the pathway to success in spite of the challenges facing the country, saying Nigeria has no reason to fail the rest of the African continent.
Receiving visiting Bank of America officials in his office at the State House on Tuesday, the President said his government was committed to instituting reforms that would engender the 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.
President Tinubu said governance and development challenges facing the country cannot be addressed without fiscal and institutional reforms.
“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 the issues.
“This is the largest economy and democracy in Africa and if we cannot do it, nobody will do it for us,” he said.
But affirming that no one can do it alone, President Tinubu made a case for the bank and other willing financing institutions to help the country, for instance in partnering to ensure Nigerian gas compete favourably in the global market, as a viable source of alternative revenue.
In his remarks, the leader of the delegation and President of International for Bank of America, Mr. Bernard Mensah, expressed excitement about the initial steps taken by the new administration, which, he said, is taking Nigeria back to its rightful place on the global stage.
He said the bank was willing to assist the country address its immediate and longer term challenges not only in the area of financing but also contributing with ideas.
In company with Mr. 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.
Dele Alake
Special Adviser to the President
Special Duties, Communication and Strategy
July 4, 2023
