Tinubu underscores rising global interest, respect for Nigeria over economic reforms

*President Bola Ahmed Tinubu avers the country’s years of neglect and self-deception, fake records, smuggling, and all of that denied it the ‘necessary revenue for progress and development’, are giving way to stability, and attracting interest from around the world

Isola Moses | ConsumerConnect

President Bola Ahmed Tinubu has said his administration’s bold economic reforms, which aim to re-engineer and restore Nigeria to its enviable position in the comity of nations, are achieving favourable results now.

ConsumerConnect reports President Tinubu said this Tuesday, September 2, 2025, in Abuja, FCT, noted the country’s economy is now stable and attracting interest from around the world.

The President had shared the sentiment with His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, in audience with some other Royal Fathers from across Ogbomosoland, in South-West Nigeria.

President Tinubu in a group photograph with Oba Olaoye and his entourage

He also said: “Years of neglect and self-deception, fake records, smuggling, and all of that denied Nigeria the necessary revenue for progress and development.

“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.”

On upgrades in infrastructure within two years

The President also said the establishment of NELFUND was to ensure that no student would drop out because of poverty.

He affirmed that 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. We have remained aggressive on our infrastructure. And it’s just two years.”

President Tinubu thanked the Soun of Ogbomoso for crediting his administration with the bold decisions taken immediately upon resumption of office.

The Nigerian leader further noted the people of Ogbomosoland are already feeling the modernisation and transformation introduced by the monarch, who promised to strengthen traditional institutions.

He pledged further engagements with Ministers for Power, Water Resources, Agriculture, and Works to look into the visiting king’s requests.

According to him, they can make Nigeria self-sufficient in agriculture.

Oba Olaoye commends Tinuub on far-reaching reforms 

Speaking during the visit, the Royal Father commended Tinubu for his incredible strides, which “only a bold leader could have recorded. Removing fuel subsidy has shown us that it is the right decision, and we can see the effects.”

Oba Olaoye said the Foreign Exchange (Forex) reforms and introduction of NELFUND have made it easier for several students to continue their schooling without considering dropping out.

The monarch also commended the President for awarding the contract for dualisation of the Oyo-Ogbomoso Road, which had been abandoned for decades, pointing out that the road would spur economic activities as a significant gateway to the North.

The paramount ruler, however, requested the President’s intervention in the water and power supply in Ogbomoso, the upgrading of the General Hospital in the town into a Federal Medical Centre.

He equally solicited the Federal Government’s support for the establishment of a research institute to enhance the development and transformation of the famous ‘Ogbomoso mangoes and cashew nuts’ into a viable agricultural enterprise.

Oba Olaoye thanked the President for appointing Ogbomoso sons into his administration.

These notably include the Federal Inland Revenue Service Chairman, Dr. Zacch Adedeji, and the Director-General of the Bureau of Public Procurement, Debo Adedokun.

On the entourage of the Soun of Ogbomosoland during the visit to the State House, in Abuja, were five other Kings representing the five councils in Ogbomosoland, namely High Chief Samuel Otolorin, the Areago of Ogbomosoland; HRM, Oba Oyetunji Adeyeye, the Alajaawa of Ajaawa; HRM Oba Bolarinwa Ezekiel Olajide, the Onisapa of Isapa; HRM Oba Babatunde Amao, the Aale Oke-elerin, and HRM Oba Prof. Akinola John Akintola, the Olokin-apa of Okin-apa.

Others were High Chief Ogundare Oluwakemi Rebecca, Iyalode of Ogbomosoland; Prof. Sola Adepoju, former DG Forestry Research Institute of Nigeria; Chief Tunji Olaniyi, a businessman, and Alhaji Abdul Ganiyu Atanda Owodunni, the Aare Musulumi of Ogbomosoland.

Also present was Chief Sunday Dare, a prominent ‘son of the soil’, the Agbaakin of Ogbomosoland and Special Adviser to the President on Media and Public Communication.

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