President Bola Tinubu says the Nigerian naira would have become virtually worthless if his administration had failed to take critical economic decisions after assuming office in May 2023.

Speaking at an APC rally in Uyo, Akwa Ibom State, Tinubu claimed that 27 of the country's 36 governors were struggling to meet salary, pension and gratuity obligations when he took over.

He defended his administration's economic reforms, including the removal of petrol subsidy and foreign exchange market changes, insisting they were necessary to stabilise public finances and prevent a deeper economic crisis.