Shettima: Tinubu's Reforms Prevented Nigeria's Economic Collapse

Vice President Kashim Shettima declared that President Bola Tinubu saved Nigeria from an economy "teetering on the verge of collapse," stating the country was on the path to a severe crisis before the administration's reforms. Shettima emphasized the difficult circumstances under which Tinubu assumed office, noting that the administration inherited foreign reserves of approximately $3.9 billion.

He acknowledged the hardships caused by reforms such as the removal of the fuel subsidy and the realignment of foreign exchange rates but insisted these were necessary to prevent a deeper economic crisis. Shettima announced plans to deploy 10,600 electric tricycles and 300 buses and electric taxis in the North-east as part of an e-logistics program aimed at reducing transportation costs.

He urged Nigerians to understand the challenges faced by the administration and expressed that tough times do not last forever, while also highlighting the government's commitment to easing the cost-of-living pressures.