The Ooni of Ife, Oba Adeyeye Ogunwusi (Ojaja II), publicly praises President Bola Tinubu’s administration, describing the government’s economic changes and reforms as unprecedented in Nigeria. Speaking around the inauguration of the PBAT Door-to-Door Movement, the monarch says Tinubu entered office “fully prepared” and that the effects of policies are already visible in both public governance and the private sector. Oba Ogunwusi cites several indicators he attributes to the administration’s reforms. He points to growth in Nigeria’s capital market, describing market capitalisation as approaching ₦140 trillion, and says foreign reserves are nearly $52 billion, which he describes as enough to finance imports for roughly the next three years. The Ooni also argues that the foreign exchange market is more stable, with reduced disparities that previously allowed arbitrage and rent-seeking. He further highlights reforms in industry and energy, including Nigeria’s increased supply of aviation fuel to Europe and an industrial output claim involving a local company’s production capacity. He also references an agreement involving Ajaokuta Steel Company and NNPC as a milestone. The monarch, speaking for traditional rulers, calls for continued public support of the administration’s efforts.
Ooni of Ife commends Tinubu’s economic reforms as unprecedented in Nigeria’s history
The Ooni of Ife, Oba Adeyeye Ogunwusi (Ojaja II), publicly praises President Bola Tinubu’s administration, describing the government’s economic changes and reforms as unprecedented in Nigeria. Speakin...
- The Ooni of Ife, Oba Adeyeye Ogunwusi, praises President Bola Tinubu’s administration, calling its economic changes unprecedented.
- He makes the remarks during or around the inauguration of the PBAT Door-to-Door Movement.
- The Ooni says impacts of Tinubu’s policies are visible in both public governance and the private sector.
- He cites rising capital market performance, foreign reserves of nearly $52 billion, and greater stability in the foreign exchange market.
- He highlights reforms in industrial and energy sectors and references an agreement involving Ajaokuta Steel Company and NNPC as a milestone.
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, has hailed President Bola Tinubu’s administration, saying Nigeria is witnessing unprecedented progress under his leadership. Speaking at the inauguration of the PBAT Door-to-Door Movement in Abuja on Thursday, the monarch commended Tinubu’s economic and governance reforms, describing them as historic. “President Bola Ahmed came very […] The post “Nigeria Has Never Experienced Advancements We’re Seeing Under Tinubu” — Ooni of Ife appeared first on Information Nigeria.
1 month agoThe Ooni of Ife, Oba Adeyeye Ogunwusi, praises President Bola Tinubu’s administration, highlighting unprecedented economic changes and reforms in Nigeria. Read More: https://punchng.com/tinubus-economic-changes-unprecedented-in-nigerias-history-ooni/
1 month agoThe Ooni of Ife, Oba Adeyeye Ogunwusi, has commended President Bola Tinubu’s administration, describing the ongoing economic transformation as unprecedented in Nigeria’s history. The monarch made the remarks on Friday during the official inauguration of the President Bola Ahmed Tinubu Door-to-Door Movement. Oba Ogunwusi stated that President Tinubu assumed office fully prepared, with the positive impacts of his policies already visible across both the public and private sectors. “President Bola Tinubu came very prepared, and the result is obvious. From the public governance and the private sector, what is happening in this country, we have never experienced it before,” he said. The traditional ruler highlighted key economic indicators to support his position. He noted that Nigeria’s capital market has grown significantly, approaching a market capitalisation of over ₦140 trillion a record high. He also pointed to the country’s foreign reserves, which now stand at nearly $52 billion, sufficient to finance imports for the next three years. According to the Ooni, the foreign exchange market has become more stable, with reduced disparities that previously enabled arbitrage and rent-seeking. He expressed optimism that the naira would continue to stabilise, paving the way for increased local production. The monarch further praised bold reforms in the industrial and energy sectors. He cited Nigeria’s growing role in supplying aviation fuel to the European market and a local company’s production capacity matching that of the entire United States. He also lauded the recent agreement between Ajaokuta Steel Company and the Nigerian National Petroleum Company Limited (NNPC) as a major milestone. “The truth be told, the turnaround in the economy of our country, the legacy of Mr President will definitely speak for him. A very bold decision he took, we’re seeing the impact,” Oba Ogunwusi added. Speaking on behalf of traditional rulers across the country, the Ooni expressed strong support for the Tinubu administration and called on Nigerians to back the President’s efforts for the betterment of the nation.
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