President Tinubu receives Bank of America officials, says policies targeted at success of Nigeria

Nigeria’s President, Bola Tinubu on Tuesday said that the current policies being taken by the administration was targeted at engendering a successful economy and secure nation.

A statement by Mr Dele Alake, Special Adviser to the President, Special Duties, Communication and Strategy, disclosed this on Tuesday in Abuja.

The president said that the administration was on the pathway to success in spite of the challenges facing the country.

While receiving the visiting Bank of America officials, the President added that the country has no reason to fail the rest of the African continent.

He said that the government was committed to instituting reforms that would engender the sustainable growth and development of the country.

“We believe we are on the right track so far. We believe we need all the help we can get,” the President said.

Tinubu urges the bank’s management to support and partner with the government in order to advance mutual benefits for Nigeria and the financial institution.

He said that governance and development challenges facing the country cannot be addressed without fiscal and institutional reforms.

“21st Century actions on climate change, finance and innovation are intertwined. Having a good platform and believing in innovation will help in undertaking reforms and tackling the issues.

“This is the largest economy and democracy in Africa and if we cannot do it, nobody will do it for us,” he said.

Tinubu also called on the bank and other willing financing institutions to help the country in ensuring that Nigerian gas compete favourably in the global market, as a viable source of alternative revenue.

In his remarks, the leader of the delegation and President of International for Bank of America, Mr Bernard Mensah, lauded the initial steps taken by the new administration.

He said that the steps are taking Nigeria back to its rightful place on the global stage.

Mensah said the bank would assist the country address its immediate and long term challenges not only in the area of financing but also contributing with ideas.

Mensah was accompanied on the visit by the Head of Sub-Saharan Africa of the bank, Mrs Yvonne Fasinro, and the Head of Investment Banking Sub -Saharan Africa, Mr Chuba Ezenwa.