President Bola Tinubu says his administration has been able to ramp up funds to reduce the debt servicing burden of the country from 97 to 65 percent.

Speaking against the backdrop of his subsidy removal policy on fuel, Tinubu said he is focused on ending the reign of undue profiteering and smuggling of Nigeria's common resources.

The President was speaking during the swearing in of the seven new ministers recently appointed into his cabinet to boost its functionality.

Congratulating the new ministers for accepting to serve the country at this challenging time, the president urged the new ministers to be ready for abuses and criticisms from Nigerians but must not lose focus in making lives better for over the 200million citizens in the country.

The President also acknowledged the existence of economic challenges in the country, saying it accounted for why his administration shored up the national minimum wage.
He said with the intervention of his administration, he was optimistic the country was on a steady growth path.

Like the President who commended the National Assembly for diligently and expeditiously reviewing and committing themselves to duty on the constitutional assignments on the seven new ministers, other government officials say the coming of the new ministers will complement efforts of the administration at implementing policies that will better the lives of Nigerians.

The new ministers bared their minds on the efforts of the Tinubu led administration at reviving the economy, promising commitment to make the administration thrive.

Among the new ministers sworn in are Dr. Nentawe Yilwatda as Minister of Humanitarian Affairs and Poverty Reduction, Muhammadu Maigari Dingyadi, Minister of Labour & Employment, Yusuf Abdullahi Ata, Minister of State for Housing and Urban Development; as well as Dr. Suwaiba Said Ahmad, Minister of State for Education.