President Bola Tinubu on Tuesday, says the Naira will exchange at the rate of N1000 to one United States dollar, in a matter of weeks.
The President, speaking at the Renewed Hope Ambassadors summit at the Presidential Villa, Abuja, said the current moment calls for reflection on the reforms his administration has pursued, the sacrifices made, and the shared responsibility to translate vision into measurable impact for our people.
“From the start, our administration chose the path of honesty and discipline. We confronted deep-seated structural distortions. In so doing, we have restored fiscal credibility, stabilize the economy, and set the foundation for long-term economic growth.
He noted that the nation is seeing clear signs that the reforms have begun to yield results, as inflationary pressures are moderating, oil prices are easy, the nation’s currency is strong and stable.
“In fact if not for the interventions by the Central Bank of Nigeria yesterday, the N1,000 to a dollar, we are going to attain it in weeks, not in months.
“But for the purpose of market stability, the CBN generously intervened yesterday. So for some of my friends, especially one of our party leaders, who take delight in stockpiling dollars It’s awake up call.”
The President assured that the economy is picking up, adding that” Of the seven major investment decisions made last year in Africa, five were done in Nigeria.
“That goes to show the strength and viability and the promise of the Nigerian economy. And as we advance into 2026, our focus shifts from stabilization to acceleration.
“The 58.18 trillion budget shall anchor this new phase for record capital expenditure, the largest allocation to national security in our history, and prudent revenue projections, while scaling growth while strengthening resilience.
Speaking on the tax reforms , the President said the tax reform was “introduced to protect the vulnerable, encourage enterprise, and entrench transparency in public finance. Additionally, the recent executive order affecting remittance to the federation account is designed to safeguard federation revenues, eliminate duplicative structures, curb waste, and ensure that resources are responsibly managed for national benefit.
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Tinubu who was represented by Vice President Kashim Shettima, said no reform can succeed without public understanding and participation. This is of strategic importance.
“This platform shall serve as an avenue for civic engagement, allowing us to carry the message of national rebirth to every ward, to every community, to every nook and cranny of this outgrade nation.”
He charged the Renewed Hope Ambassadors to “explain why tough decisions have to be made, and how they link to jobs, security, enterprise, opportunity and a more stable future.
“They must counter misinformation with facts, replace rumour with evidence, and ensure that Nigerians from across the country have access to the truth.
“Equally, they must also serve as a channel for feedback, bringing community concerns and lived experiences back to government. I commend Governor Hope Odidika Uzodimma, Director General of the Renewing Hope Ambassadors and his team for the clarity and coordination they have brought to this effort.
He therefore charge all Renewing Hope Ambassadors to move beyond conference halls and into the wards, markets, farms and campuses of this country. This mission is about presence. It’s about truth.
It’s about trust.”
Speaking the forthcoming elections, the President noted that the elections are not conducted on the social media platforms, or on Facebook, but by Nigerians who report in their own language.
“This summit affirms our collective commitment to a shared future of peace and prosperity for all Nigerians.
Together, we will continue translating reform into opportunity, policy into impact, and sacrifice into renewed hope.
Addressing George Akume, the Secretary to the Government of the Federation SGF, he appealed to him to work towards ensuring peace in Benue state
“You are an elder statement, reach out to our junior brother. Let’s build Benue together. Benue deserves peace. Benue deserves development.
“What binds us together, as I have always said, supersedes whatever that divides us. The trajectory of global growth is facing Africa, and Nigeria will make or mar that transition.
” Nigeria is greater than all of us. And as Martin Luther King rightly said, we either learn to live together as brothers or perish together as fools. And we are not a nation of fools. We are a nation of very intelligent, very smart people that know their onions.”