President Bola Ahmed Tinubu says his administration’s bold reforms are yielding results, with Nigeria regaining global respect and recording economic stability after years of decline.
The President made the declaration on Tuesday at the State House while receiving the Soun of Ogbomosoland, His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, alongside other traditional rulers.
Reflecting on the state of the economy before his reforms, Tinubu lamented “years of neglect, fake records, smuggling, and corruption” that deprived Nigeria of much-needed revenues.
“We had to take decisive actions. With your prayers, patience, perseverance, and understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive,” he said.
The President highlighted the establishment of the Nigeria Education Loan Fund (NELFUND) as a key intervention to prevent students from dropping out due to poverty, stressing that education remains the “greatest weapon against poverty.” He also noted progress in infrastructure within just two years of his administration.
Oba Ghandi Olaoye praised Tinubu for what he described as “bold leadership decisions,” particularly the removal of fuel subsidy and foreign exchange reforms. According to him, these measures, alongside NELFUND, are already providing relief to households and students.
The monarch also applauded the award of the long-awaited dualisation of the Oyo–Ogbomoso Road, describing it as a gateway that will boost commerce between the South-West and the North.
However, Oba Olaoye appealed for federal intervention in Ogbomoso’s power and water supply, the upgrading of the town’s general hospital into a Federal Medical Centre, and the establishment of a research institute to transform its famed mango and cashew produce into global exports.
He further thanked the President for appointing indigenes of Ogbomoso into top federal positions, including Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), and Debo Adedokun, Director-General of the Bureau of Public Procurement.
Monarchs and Delegation
The Soun was accompanied by five other monarchs:
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Oba Oyetunji Adeyeye, Alajaawa of Ajaawa
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Oba Bolarinwa Ezekiel Olajide, Onisapa of Isapa
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Oba Babatunde Amao, Aale Oke-elerin
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Oba Prof. Akinola John Akintola, Olokin-apa of Okin-apa
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High Chief Samuel Otolorin, Areago of Ogbomosoland
Also present were High Chief Ogundare Oluwakemi Rebecca (Iyalode of Ogbomosoland), Prof. Sola Adepoju, Chief Tunji Olaniyi, Alhaji Abdul Ganiyu Atanda Owodunni (Aare Musulumi of Ogbomosoland), and Chief Sunday Dare, Special Adviser to the President on Media and Public Communication, who is also the Agbaakin of Ogbomosoland.
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