President Bola Tinubu has assured Nigerians that his administration would bring down the soaring inflation rate and fix the country’s economic challenges.

Tinubu gave this assurance while addressing the APC Presidential Campaign Council to 2024 Ramadan Iftar at the State House on Wednesday.

He said that even though he does not have a magic wand, Nigerians should not worry as he is determined to end inflation.

Recall that Following Tinubu’s removal of fuel subsidy and unification of the exchange rate on resumption of office in May 2023, Nigeria’s inflation rate has steadily spiked, impacting economic hardship.

According to the latest report by the National Bureau of Statistics (NBS), the county’s inflation rose to 31.70 percent in February 2024, up from 29.90 percent in the previous month.

But President Tinubu said his government is working to reverse it.

He said, “It is the hard job that you promised the people of Nigeria when you were campaigning for me. You promised them a good result, didn’t you? That’s it, I have to work for it – no magic wand.

“I campaigned on hope, I have to rest on that hope, and push for that hope for the joy of every one of us. The economy is looking good, don’t worry about that.

“Don’t worry about that. Yes, we know we have the challenge of inflation – it’s okay, we will bring it down. We are reengineering our revenue, it is getting better, and we are taking our sovereignty and respect back around the world – not that we have to go there and hire them to do the job for us, we are doing it ourselves.

“Whatever is happening to us, we have to serve it by ourselves. It is your effort, your thinking, your resourcefulness, your investment, your dedication, and hard work that can only get us there,” he said.