Tinubu Moves to Cushion Economic Impact of Middle East Crisis, Reaffirms Commitment to Nigerians’ Welfare
President Bola Ahmed Tinubu has directed key economic officials to develop measures to mitigate the impact of the ongoing Middle East crisis on Nigerians, pledging that his administration will continue working to improve citizens’ living conditions.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga in a statement said Tinubu gave the directive on Friday during a civic reception in Yenagoa, Bayelsa State, after commissioning major infrastructure projects executed by Governor Douye Diri.
Tinubu tasked the Ministries of Finance and Budget and Economic Planning, alongside the Head of Service, to assess and address the economic strain linked to the US-Israeli war on Iran, particularly rising fuel costs and broader inflationary pressures.
Acknowledging the hardship faced by Nigerians, the President said his administration remains committed to easing the burden on vulnerable populations.
“Yes, I hear you from various angles of the economy. The fuel prices are biting hard,” he said, adding that the government would review economic data and implement necessary interventions.
Tinubu emphasized that the ruling All Progressives Congress (APC) is focused on delivering tangible development through infrastructure, job creation, and economic opportunities.
He also highlighted the importance of collaboration between federal and state governments, noting that such partnerships accelerate national development.
During the visit, the President inaugurated several key projects, including a 60-megawatt gas-fired Independent Power Plant in Elebele, the 630-metre Angiama–Oporoma Bridge, and a major road project in Yenagoa.
Commending Governor Diri, Tinubu described the projects as “transformative” and aligned with his administration’s Renewed Hope Agenda, praising the governor’s leadership and commitment to development.
In his remarks, Diri attributed the successful delivery of the power project to supportive federal policies, noting that the new plant would enhance electricity supply, boost economic activity, and improve residents’ quality of life.
The governor also outlined additional infrastructure efforts under his administration’s “Assured Prosperity” agenda, including road networks, bridges, and a planned 30,000-seat stadium.
The event was attended by several dignitaries, including governors Hope Uzodimma, Dapo Abiodun, Umo Eno, and Sheriff Oborevwori, as well as former Delta State governor James Ibori and media entrepreneur Ben Murray-Bruce.
Tinubu also observed a minute’s silence in honour of fallen Nigerian soldiers and former Bayelsa governor Diepreye Alamieyeseigha, reaffirming his administration’s respect for national heroes.
