Thursday, September 4, 2025 - President Bola Tinubu on Wednesday September 3, said that his administration's bold economic reforms, which aim to restore Nigeria to its enviable position, are achieving favourable results and has made Nigeria gain respect globally.
He stated this at the State House when he received His Imperial Majesty,
Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, in
audience with some other royal fathers.
While speaking to the monarchs, President Tinubu 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."
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."
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