According to Tinubu: If we remove the cash upfront element to buy a car or a house, we will reduce the propensity for fraud and corruption across the land

Vanguard reports that President Bola Tinubu has reiterated his administration’s commitment to guaranteeing all Nigerians have complete economic security. He stressed that in order to accomplish this, some basic issues must be resolved and a just and equal system must be put in place. CONTINUE FULL READING>>>>>

During a meeting with members of the Afenifere, the Yoruba Socio-Cultural organization, at the State House in Abuja, President Tinubu outlined his administration’s approach. He stated that his government is focused on restructuring Nigeria’s finances to enhance citizens’ purchasing power and promote widespread prosperity.

Tinubu highlighted the implementation of a credit system aimed at removing cash barriers and significantly improving the standard of living for all citizens. He emphasized the importance of retooling and revamping economic opportunities while steadily advancing towards these objectives.

The President underscored the challenges faced by parents in educating their children and cited the establishment of the National Student Loan Programme as a response to this issue. Additionally, he acknowledged the pressing issue of unemployment and outlined plans to provide social security and allowances for the unemployed.

Furthermore, Tinubu discussed initiatives such as the Consumer Credit Scheme, aimed at boosting citizens’ purchasing power by removing upfront cash requirements for major purchases like cars and houses. He emphasized that reducing cash transactions would decrease the likelihood of fraud and corruption across the country.

“If we remove the cash upfront element to buy a car or a house, we will reduce the propensity for fraud and corruption across the land,’’ he said. CONTINUE FULL READING>>>>>