President Bola Tinubu has reiterated that his administration was taking steps to tackle the numerous social and economic challenges bedeviling the country.

The president made this statement on Sunday in Lagos at the opening ceremony of the Nigerian Bar Association, NBA, Annual General Conference.

This is coming as the Director-General of the World Trade Organisation, WTO, Dr Ngozi Okonjo-Iweala advocated a new social contract in Nigeria where certain policies in the economy are sacrosanct and must not be touched or changed when administrations change.

Tinubu, represented by Vice President, Kashim Shettima highlighted some of the measures and policies being undertaken by his administration to address the economic challenges, saying that the collapse of the multiple exchange regimes has helped to check corruption.

While commenting on Okonjo-Iweala’s speech on the need for a new social contract between the government and the people, the president said, “Fellow Nigerians, it is appropriate to refer to the recent landmark position of the Supreme Court granting financial autonomy to the local government councils in Nigeria.

“Expectedly, this will spur the much-desired developments at the grassroots level, while I remain confident that more of such strategic and reform-oriented legal interventions will be achieved.”