President Bola Tinubu has assured Nigerian workers that their salaries and allowances will improve as his administration’s economic reforms continue to deliver results.
The President said Nigerians would begin to experience the benefits of the reforms introduced over the past three years, expressing confidence that the country’s economy has started to recover and that living standards would improve in the coming months.
Tinubu gave the assurance on Thursday during the commissioning of the newly reconstructed Premier Hotel in Ibadan, Oyo State. He was represented at the event by the Secretary to the Government of the Federation (SGF), George Akume.
Speaking at the ceremony, the President described the extensive renovation of the iconic Premier Hotel as a symbol of economic renewal and the preservation of Nigeria’s rich heritage. He commended the vision of the leaders of the old Western Region for establishing the facility and praised the current leadership for restoring it to modern standards while preserving its historical significance.
According to him, national heritage should not only be remembered but also protected, strengthened and handed over to future generations.
Tinubu noted that Premier Hotel has remained a significant landmark in Nigeria, hosting notable personalities and international visitors for decades. He also lauded the six shareholder states of Odu’a Investment Company—Oyo, Ogun, Ondo, Osun, Ekiti and Lagos—for their commitment to revitalising one of the South-West’s most valuable legacy assets.
The President said the successful transformation of the hotel demonstrated the importance of collaboration between governments and the private sector in promoting economic development and preserving strategic investments.
He described the project as a victory for good governance, strategic partnerships and public-private collaboration.
Tinubu further stated that his administration has introduced several initiatives aimed at strengthening the hospitality, tourism, arts, culture and creative industries as part of the Renewed Hope Agenda.
According to him, these sectors are expected to contribute significantly to Nigeria’s Gross Domestic Product (GDP), generate more foreign exchange earnings and create employment opportunities for millions of citizens.
He assured local and foreign investors that the Federal Government would continue implementing policies that improve infrastructure, encourage domestic tourism and attract greater private sector investment across the tourism value chain.
Defending his administration’s economic policies, Tinubu acknowledged that the reforms required difficult decisions but insisted they were necessary to secure Nigeria’s long-term economic future.
“The economy has kicked into gear, and the benefits of all the sacrifices we have made as a people over the last three years have already begun to accumulate,” he said.
The President assured Nigerians that as the reforms continue to take effect across various sectors, workers would enjoy better wages and improved living conditions.
“I can only promise you that your salaries and allowances will improve,” Tinubu stated.
He also encouraged Nigerians and businesses to invest in the country’s future, describing the current period as a defining moment in Nigeria’s economic transformation.
Tinubu said the redevelopment of Premier Hotel reflects how strategic investments and strong partnerships can preserve national heritage, unlock new economic opportunities and drive sustainable development across the country.
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