President Bola Tinubu has said that his administration’s bold economic reforms are yielding positive results, helping to stabilise the economy and restore Nigeria’s global standing.
He made the remarks at the State House in Abuja while receiving His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, along with a delegation of royal fathers.
The visit was disclosed in a statement on Wednesday by presidential spokesperson, Bayo Onanuga, who noted that President Tinubu reaffirmed the country’s economic recovery and renewed international confidence in Nigeria.
“Years of neglect and self-deception, fake records, smuggling—all of that denied Nigeria the necessary revenue for progress and development,” Tinubu said.
“Then we were confronted again with arbitrage trading of currency, an illusion of selling papers, corruption all over the place. The integrity of the country and its economy was severely challenged.
“We had to take those actions. 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.”
Highlighting some of his administration’s key initiatives, Tinubu cited the establishment of the Nigerian Education Loan Fund (NELFUND), aimed at ensuring that no student drops out of school due to poverty.
“Everybody has a right to education. It is the greatest weapon you can give to human beings against poverty, and that’s what we are doing,” he said.
The President also pointed to ongoing efforts to improve infrastructure across the country, noting that these achievements have been made within just two years in office.
He expressed appreciation to the Soun of Ogbomosoland for acknowledging the decisive steps taken by his administration upon assuming office. Tinubu noted that the people of Ogbomoso are already witnessing the impact of modernisation and transformation championed by the monarch, who has pledged to further strengthen traditional institutions.
