The Federal Executive Council has unfolded a three-year economic revival plan to address the social and economic challenges affecting the country.
President Bola Tinubu presided over the first cabinet meeting, which took place in the council chambers of the Presidential Villa in Abuja. He outlined his aim for “economic growth, prosperity for all, and ending poverty.”
Addressing the ministers, the President admonished them to achieve the first phase of his administration’s eight-point agenda within three years.
He asked the members of his cabinet to work hard to revive the country’s economy because Nigeria is in a difficult time.
The President said the ministers have the capacity to make a difference in the ministries they have been assigned to oversee.
“We shall evolve a homegrown re-engineering of our finances, a reimagined stewardship of our resources, and we will let the economy work for the people of this country.
“There are so many things we can and will do. Yes, some cynics will say it is impossible. But in your own dictionary of service, everything is possible, and it must be possible,’’ he told the ministers and other cabinet members.
The President emphasized that anyone believing that appointments are fixed-term appointments was erroneous and expressed confidence that the carefully selected cabinet members were aware that his government is a new one with a new attitude and mandate to deliver for Nigeria without any laments or excuses.
He said, “We have the talent. We have the level of intellectual capacity required to turn this country around. We will make sure that the country is on the right path to succeed on behalf of more than 200 million Nigerians who rely on us.”
Tinubu said that the country would rely on the experience, skills, intellect and networking of those who had been appointed to make headway in the challenging times.
He cautioned that the cabinet members were appointed to make headway in the challenging times, and failure would not be explained away under his watch.
“You and I know that expectations are high, and these are tough times. We must work hard and move ourselves to create a buoyant economy that will serve Nigeria.
“We have an employment rate that is unacceptable, and we are facing threats from climate change. In order to turn things around, you have been selected to perform your utmost best.
“Our policy implementation will reform the economy, ensure inclusive growth, and strengthen security for peace and prosperity. Without security, there can be no investment,’’ he pointed out.
Tinubu reminded his cabinet that he is only one man and that their innovative thinking to solve problems would shape his leadership as a president who listens.