President Bola Tinubu has declared that his administration’s bold economic reforms are yielding positive results and restoring international respect for Nigeria.
Speaking at the State House on Wednesday while hosting the Soun of Ogbomosoland, Oba Ghandi Afolabi Oladunni Olaoye, and other traditional rulers, Tinubu said Nigeria’s economy is stabilising and attracting global interest.
“Years of neglect, fake records, smuggling and corruption denied Nigeria the revenue it needed for progress and development,” Tinubu said in a statement released by his spokesman, Bayo Onanuga.
He explained that his government had to tackle currency arbitrage and systemic corruption, which had severely damaged the nation’s economic integrity. “With your prayers, patience, perseverance and great understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive,” he added.
Highlighting his administration’s achievements, the President cited the creation of the Nigerian Education Loan Fund (NELFUND), which ensures no student drops out of school due to poverty. He also stressed the government’s investment in infrastructure, saying, “Education is the greatest weapon you can give to human beings against poverty; that’s what we are doing. And it’s just two years.”
Tinubu thanked the monarch for recognising the tough decisions his administration had taken early on and praised his efforts to modernise Ogbomosoland and strengthen traditional institutions.