Byline: IDNN Politics Desk
President Bola Ahmed Tinubu has declared that his administration’s bold economic reforms are beginning to yield results, stabilising the economy and restoring respect for Nigeria on the international stage.
Speaking at the State House during a courtesy visit by the Soun of Ogbomosoland, His Imperial Majesty Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, and other traditional rulers, Tinubu said his government inherited a nation weakened by neglect, corruption, and false records.
“Years of neglect and self-deception, fake records, smuggling, and all of that denied Nigeria the necessary revenue for progress and development,” the President said.
He added that his administration had to tackle arbitrage in the currency market, systemic corruption, and policy distortions that, in his words, left “the integrity of the country and its economy extremely and adversely challenged.”
“We had to take those actions. With your prayers, patience, perseverance, and understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive,” Tinubu declared.
Highlighting his government’s achievements, the President pointed to the creation of the Nigerian Education Loan Fund (NELFUND), which provides access to credit for students, ensuring no Nigerian is forced to drop out of school due to poverty.
“Everybody has a right to education. It is the greatest weapon you can give human beings against poverty. That is what we are doing,” he said.
Tinubu also noted progress on infrastructure projects within just two years of his presidency, insisting his administration has pursued reforms aggressively.
He thanked the visiting monarch for acknowledging his early decisions, while commending the modernisation drive in Ogbomoso under the Soun’s leadership.
“We must strengthen traditional institutions, and I thank His Majesty for recognising the importance of bold reforms for Nigeria’s progress,” Tinubu said.
Political observers say Tinubu’s remarks reflect his effort to consolidate support among traditional rulers while signalling confidence to international investors who have closely watched Nigeria’s reform process.
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