Tinubu: Nigeria’s Economy Stabilized, Global Respect Restored
President Bola Tinubu has declared that his administration’s bold economic reforms are yielding positive results, stabilizing the country’s economy and attracting global interest.
Tinubu made the assertion while receiving the Soun of Ogbomosoland, Oba Ghandi Olaoye, at the State House in Abuja.
The President attributed the progress to bold decisions taken by his administration, including foreign exchange reforms and initiatives like NELFUND, aimed at ensuring access to education for all.
According to Tinubu, years of neglect and self-deception had denied Nigeria the necessary revenue for progress and development. However, with the current administration’s efforts, the economy is now stabilized. “The bleeding has stopped. Haemorrhage is gone; the patient is alive,” he said.
The President thanked the monarch for crediting his administration with the bold decisions taken immediately upon resumption of office.
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He noted that the people of Ogbomoso land were already feeling the modernization and transformation introduced by the monarch, who promised to strengthen traditional institutions.
Tinubu also promised to engage the Ministers of Power, Water Resources, Agriculture, and Works to look into the visiting monarch’s requests.
These requests included improving water and power supply in Ogbomoso, upgrading the General Hospital into a Federal Medical Centre, and establishing a research institute to enhance the development of the area’s agricultural sector.
The Soun of Ogbomosoland commended the President for his incredible strides, noting that removing fuel subsidy had shown positive effects.
He also appreciated the President for awarding the contract for the dualization of the Oyo-Ogbomosho Road, which would spur economic activities in the area.
The monarch thanked the President for appointing Ogbomoso sons to his administration, including the Federal Inland Revenue Service Chairman, Zacch Adedeji, and the DG of the Bureau of Public Procurement, Debo Adedokun.
The Soun was accompanied by other prominent traditional rulers and dignitaries from Ogbomoso land.
