Democracy Day Speech: Our Economy Has Been Unbalanced Says President Tinubu
President Bola Tinubu, in his Democracy Day speech, acknowledged the economic challenges faced by Nigeria and highlighted the need to address the imbalances in the economy. He emphasized that the past nine years have brought about a regime of extreme hardship, manifested in excruciating poverty, with high levels of unemployment and rising inflation. The President stressed the importance of preserving democracy, as it remains the best form of governance despite its complexities. He cautioned against attempts to exploit current challenges to undermine democracy, warning that such actions aim to concentrate power and diminish individual freedoms.
President Tinubu also reflected on the journey since the historic June 12, 1993, election, recognizing the sacrifices of heroes like Chief MKO Abiola, Kudirat Abiola, General Shehu Musa Yar’Adua, and Pa Alfred Rewane. He paid tribute to these individuals and others who have transited to the higher realm, emphasizing their significant contributions to Nigeria’s democratic struggle.
The President’s speech reiterated the importance of economic democracy and the need to ensure that everyone has access to economic opportunity, fair pay, and compensation for their endeavors and labor. He assured the Nigerian people that he would always listen to them and never turn his back on their needs. President Tinubu also announced plans to send an executive bill to the National Assembly to enshrine agreed-upon economic reforms as part of the law for the next five years or less.
The speech highlighted the challenges faced by the current administration in winning the hearts and minds of young Nigerians amid a tough economic environment. The President acknowledged the need to address these issues and ensure that those in office are accountable to the electorate in terms of how public money is spent and decision-making processes.
Overall, President Tinubu’s Democracy Day speech emphasized the importance of preserving democracy and addressing the economic challenges faced by Nigeria. He called on the Nigerian people to bear the excruciating pain occasioned by harsh economic policies, stating that these policies are necessary to put the nation on a sound economic position.
