“Economic reforms will continue despite difficulties” – Bola Tinubu

Nigeria’s President Bola Tinubu said on Wednesday economic reforms would continue, despite increasing hardships that have fuelled public anger.

Tinubu, who came to power a year ago, promised to send an executive bill to parliament soon to set a new minimum wage.

In a television broadcast to mark Democracy Day, Tinubu acknowledged hardships caused by the reforms, which also include higher interest rates and the partial removal of electricity subsidies, but he said this would create a stronger foundation for future growth.

“As we continue to reform the economy, I shall always listen to the people and will never turn my back on you,” he said.

Nigeria is grappling with the worst cost-of-living crisis in decades and labour unions last week suspended a strike called to pressure the government to agree a new monthly minimum wage.