President Bola Ahmed Tinubu has declared that Nigeria is regaining global respect due to his administration’s bold economic reforms, which he said have stabilised the economy and restored investor confidence.
Tinubu made the remarks at the State House on Wednesday while receiving His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, alongside other royal fathers.
According to presidential spokesman Bayo Onanuga, the President said the country had endured years of neglect, fake records, smuggling, and widespread corruption that drained revenues and undermined integrity.
“Years of neglect and self-deception, fake records, smuggling, and 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, and the integrity of the country and its economy being extremely and adversely 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 his administration’s initiatives, Tinubu listed the Nigerian Education Loan Fund (NELFUND) as a major achievement, stressing that no Nigerian student should be denied education due to poverty.
“Everybody has a right to education as it is the greatest weapon you can give to human beings against poverty; that’s what we are doing,” he said. “We have remained aggressive on our infrastructure. And it’s just two years.”
The President expressed gratitude to the Soun of Ogbomosoland for recognising the bold policy choices taken since his assumption of office. He also commended the monarch for driving modernisation in Ogbomosoland and pledging to strengthen traditional institutions.
