President Bola Tinubu has announced a significant reduction in Nigeria’s debt servicing burden, bringing it down from 97 percent to 65 percent.
He made this disclosure on Monday while swearing in seven new ministers at the Presidential Villa, Abuja.
Addressing the ministers, Tinubu acknowledged the challenging conditions facing the country and commended them for stepping up to serve.
He advised them to prepare for potential criticism from Nigerians but encouraged them to stay focused on improving the lives of over 200 million citizens.
The newly sworn-in ministers include Dr. Nentawe Yilwatda as Minister of Humanitarian Affairs and Poverty Reduction, Muhammadu Maigari Dingyadi as Minister of Labour and Employment, and Bianca Odinaka Odumegwu-Ojukwu as Minister of State for Foreign Affairs.
Others taking the oath of office were Jumoke Oduwole as Minister of Industry, Trade, and Investment; Idi Mukhtar Maiha as Minister of Livestock Development; Yusuf Abdullahi Ata as Minister of State for Housing and Urban Development; and Dr. Suwaiba Said Ahmad as Minister of State for Education.
More details to follow.
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