By Muhammad Mamman
President Bola Tinubu has declared that his administration’s sweeping economic reforms are restoring Nigeria’s standing on the world stage and earning the country renewed international respect.
Speaking at the State House in Abuja during an audience with His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, alongside other traditional rulers, Tinubu said decisive policy measures have stabilised the economy and halted years of decline.
In a statement issued on Wednesday by presidential spokesman Bayo Onanuga, the President stressed that Nigeria is now regaining credibility abroad as investors and global partners show increasing interest.
“Years of neglect, self-deception, fake records, smuggling, and corruption denied Nigeria the revenue it needed for progress and development,” Tinubu said. “We were confronted with currency arbitrage, an illusion of paper trading, and an economy haemorrhaging from all sides. We had to act. Today, the bleeding has stopped; the patient is alive, and stability has returned.”
Highlighting his government’s achievements, Tinubu pointed to the establishment of the Nigerian Education Loan Fund (NELFUND), designed to ensure no student drops out of school due to financial hardship. He described education as “the greatest weapon against poverty,” adding that infrastructure development remains a top priority.
The President expressed gratitude to the Soun of Ogbomoso for acknowledging the administration’s bold reforms and praised the monarch’s efforts to modernise his domain while strengthening traditional institutions.
