North-East APC stakeholders laud Tinubu over retention of $37bn foreign reserve

…Pass vote of confidence in Renewed Hope Agenda

The North-east All progressives Congress (APC) youths stakeholders forum have applauded President Bola Ahmed Tinubu o er the sustenance of $37 billion as the country’s foreign reserve.

The stakeholders forum called on Nigerians to persevere and support the Tinubu administration to succeed in the quest to transform the country, they referred to the decision to raise workers’ salaries from 30,000 to 70,000 Naira, the implemention of consumer credit scheme, renewed hope cash transfer, students loan fund, removal of importation taxes on food items as basis for passing vote of confidence on him.

Addressing a press conference Thursday at the APC national secretariat in Abuja, chairman of the forum, Comrade Haruna Sardauna, said President Tinubu deserves praise on the reduction of the country’s debt service ratio from 97 percent to 68 percent and payment of bills without resorting to borrowing like before.

The forum noted: “The introduction of the Nigeria Education Loan Fund (Nelfund) and the Students Loan program has made education more accessible. We also appreciate Mr. President’s commitment of N100 billion to the Youth Trust Fund. Additionally, the Skill up Artisan program aims to upskill five million youths nationwide and gives scholarships to . Nigerian students interested in the oil and gas industry.

“The renewed hope Agenda of returning 10 million out-of-school Children and reforming the Almajiri education system, and Empowering 5,000 members of the NYSC with 10 million each to fund their entrepreneurial ventures after they complete the NYSC Scheme.

“The administration inherited a reserve of over $33bn 16 months ago. Since then, we have paid back the inherited forex backlog of $7bn. So, it’s about Tinubu who has chosen to peel open our economic wound and now dressing it to heal the wound totally unlike the surface dressing of past administrations which were just balms to relieve the pains without treating the wounds.”

While passing a vote of confidence in the current administration of Bola Ahmed Tinubu, Sardauna said: “There will be a better Nigeria; let’s persevere and support the Tinubu administration to succeed! These achievements showcase President Tinubu’s dedication to transforming Nigeria. We applaud his efforts and look forward to continued progress. The enemies and saboteurs of this administration will not succeed.

“Therefore, the Northeast APC Stakeholders Forum is passing a vote of confidence in President Bola Ahmed Tinubu’s administration. We will continue to advocate to Nigerians on his laudable efforts aimed at taking Nigeria to greater greater Insha Allah.”