How Tinubu’s reforms prevented economic collapse – Ohakim, Ooni

President Bola Ahmed Tinubu’s bold economic reforms have received resounding praise from two prominent Nigerian leaders former Imo State Governor, Dr. Ikedi Ohakim, and the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.

In separate remarks over the weekend, both figures lauded the President’s policies as courageous, forward-thinking, and essential for Nigeria’s long-term stability.

Dr. Ohakim commended Tinubu’s administration for taking decisive steps to revive a fragile economy, saying the reforms have started yielding positive results by restoring confidence among both local and foreign investors.

Echoing the sentiment, the Ooni of Ife described the economic agenda as transformational, noting that it reflects the kind of leadership Nigeria needs to navigate tough times and lay a solid foundation for future growth.

READ ALSO: Ndume :  Tinubu’s endorsement won’t give him victory, says Jonathan lost 2015 poll despite 22 govs’ backing

Delivering a paper titled “Building Nigeria’s Troubled Economy: Practical Insight into the Challenges and Solutions” at the Synod of the Diocese of Orlu (Anglican Communion) in Imo State, Dr. Ohakim said the Tinubu administration’s economic measures, though painful, have averted the total collapse of the Nigerian economy.

“The Tinubu administration has taken measures that, though painful, clearly prevented the complete deterioration of the national economy to an irretrievable point,” Ohakim said.

“Even though it is hard to sell, there can be no doubt that there is a brighter future ahead.”

He cited the removal of petroleum subsidies as a bold policy that has already shown signs of positive impact. According to him, petrol, which once surged to over N1,500 per litre, now sells at around N900 nationwide, with improved availability.

Ohakim also highlighted how increased federal allocations have empowered state governments to meet salary obligations and execute infrastructure projects.

“Today, subnational governments receive more funds from the Federation Account, and many governors are putting it to good use,” he added.

Using Imo State as an example, he praised Governor Hope Uzodimma’s infrastructure drive and a power project aimed at delivering 24-hour electricity to all 27 local government areas by 2027.

Related News
Despite his praise, Ohakim emphasised the need for a more fundamental restructuring of Nigeria’s political framework.

At a separate event in Lagos, the Ooni of Ife, Oba Adeyeye Ogunwusi, also voiced strong support for President Tinubu during a courtesy visit to the President’s Ikoyi residence to mark the Eid-el-Kabir celebration.

The monarch, fresh from a diplomatic visit to Kazakhstan, said Nigeria’s international image is improving due to Tinubu’s economic and foreign exchange reforms.

“The good things Mr. President is doing are opening Nigeria up to so many nations that now want to work with us,” the Ooni said.

“There is no longer arbitrage. The unification of the foreign exchange rate is a bold step. The world is watching Nigeria.”

He praised the administration’s move to restructure the Forest Guard system, describing it as critical to national security and long-term economic growth.

“We are very happy with the Forest Guard initiative and the plan to strengthen internal security across the country. Once security is guaranteed, investment will follow,” he added.

Oba Ogunwusi emphasised the role of traditional institutions in supporting national development and called on citizens and leaders to adopt a more optimistic view of the country’s progress.

“It’s about time we come together and look at Nigeria as a cup half full, not half empty,” he said.

(Nation)