President Bola Tinubu has declared that Nigeria will not sustain failed economic theory that sees to the wastage of 90% of its scarce revenue in the servicing of external debts in the midst of many development challenges facing the country.
The President made the statement on Sunday in Abuja while declaring open the Annual conference of the Nigerian Bar Association at the Velodrome, Chief MKO Abiola Stadium, Abuja.
While energizing the gathering of 16,190 lawyers in attendance with an extemporaneous speech, President Tinubu stated that the prosperity Nigerians require will only occur once poverty is banished from the society with the focused cooperation of Nigeria’s private sector leaders, many of whom were present at the opening ceremony.
Speaking on the theme of the conference, “Getting it Right: Charting the Course for Nigeria’s Nation-Building,” the President stated that hard decisions must be made to set the country on a growth trajectory, despite the initial pains which meaningful reforms usually bring.
The President also bemoaned the inability of the country to eradicate poverty and tackle poor electricity supply, despite Nigeria’s abundance of gas.
President Tinubu renewed his commitment to deal conclusively with the pressing issue of remuneration for judicial officers and legal practitioners, noting that true justice reform must begin with world-class salaries and benefits for legal professionals in Nigeria.
In his welcome address, NBA President, Yakubu Maikyau, SAN, expressed the confidence of the NBA in the ability of President Bola Tinubu to deliver good governance to Nigeria because of his pedigree and past track record of excellent performance in Lagos State, where he was the governor from 1999 – 2007.
The conference was attended by the Chief of Staff to the President, Femi Gbajabiamila; Minister of Federal Capital Territory, Nyesom Wike; Minister of Sports, Senator John Enoh; former Secretary to the Government of the Federation, Boss Mustapha, past NBA Presidents and many senior government officials.