President Bola Ahmed Tinubu has declared that his administration inherited a country on the brink of bankruptcy but has since taken bold steps to stabilize and rescue the Nigerian economy.

Speaking during a meeting with Nigerians living in Saint Lucia on Wednesday, July 2, 2025, President Tinubu said his government had curbed oil smuggling, halted the practice of forex racketeering at the Central Bank of Nigeria, and was steadily restoring investor confidence.

“We inherited a country that was near bankruptcy. But we have been able to rescue the economy. Nigeria has recovered,” he told the gathering, which included professionals, students, and members of the Nigerian community.

The President also assured that his government is committed to improving Nigeria’s per capita income and strengthening economic fundamentals.

Organized by the Nigerians in Diaspora Commission (NIDCOM) and hosted at the Windjammer Resort in Castries, the meeting gave diaspora Nigerians an opportunity to engage directly with their President.

President Tinubu pledged to diplomatically address concerns raised by the diaspora community, including the high cost of work permits and the need for a Nigerian diplomatic mission in Saint Lucia.