3 things we learned from Tinubu’s Democracy Day statement

The National Leader of the All Progressives Congress (APC) and former Governor of Lagos state, Bola Tinubu, on Sunday, released a statement to mark Nigeria’s Democracy Day.

Here are 3 things we learnt from the statement which was entitled “We must not take our democracy for granted.”

1) Tinubu’s life is devoted to democracy

“I have devoted most of my life to the struggle for Nigerian democracy. I would be more than happy to devote the rest of my days so that democracy can thrive and erase the unjust imbalances that have for too long been a heavy surcharge against the lives of most of our people.”

2) Nigeria is stronger than her problems

“A great historic push and effort are mandated. Change takes boldness, perseverance and moral fortitude; profound change requires even more so. The task is hard but I neither fret nor worry. In my heart, I am comforted by the knowledge that we are so much better and stronger than the obstacle before us. We shall and must overcome it because it is in our nature and it is for our best destiny to do so.”

3) Fighting recession before inflation

“We have entered a period of stagflation where recession or shrinkage of the economy is accompanied by higher prices. Unfortunately, if we try to fight both at the same time, we fight neither effectively. Given the rate of joblessness and poverty, it is more fitting to fight recession at this point than to focus on inflation.

“We can endure a bit more inflation if it means more jobs and greater aggregate demand that can develop the velocity needed to free the economy of recession’s gravitational pull. We must resist recession; it is harder to shake off once it takes grip of an economy. Restructuring our economy is the most complex challenge before us. On this so much depends. We all must contribute if we are to win.”

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