President Bola Tinubu has declared that his sweeping reforms have restored global respect for Nigeria and stabilised the country’s struggling economy.
Speaking at the State House on Tuesday while hosting a delegation of monarchs led by Ghandi Olaoye, the Soun of Ogbomosoland, Tinubu said Nigeria had been dragged down for years by corruption, fake records, smuggling, and fraudulent currency trading.
“We had to take those actions [reforms]. With your prayers, patience, perseverance and understanding, I can tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive,” Tinubu said, according to Bayo Onanuga, his special adviser on information and strategy.
The president pointed to the Nigerian Education Loan Fund (NELFund) as proof of his government’s commitment to investing in the future, describing education as the “greatest weapon you can give to human beings against poverty”. He also highlighted progress in infrastructure projects within just two years in office.
Olaoye praised Tinubu’s courage in removing fuel subsidies and reforming the foreign exchange market, saying the policies have enabled more students to continue schooling. He thanked the president for reviving the long-abandoned Oyo-Ogbomosho road project and appealed for improved water, power supply, and an upgraded hospital in Ogbomoso.
The monarch was accompanied by other traditional rulers and community leaders, including Samuel Otolorin, Areago of Ogbomosoland; Oyetunji Adeyeye, Alajaawa of Ajaawa; and Ogundare Oluwakemi Rebecca, Iyalode of Ogbomosoland.
Tinubu’s comments follow his recent pitch to investors in Brazil, where he claimed his reforms had ended corruption, boosted revenue, and made Nigeria more competitive.
