Ogun State Governor Dapo Abiodun feels that Nigerians should be patient with President Bola Tinubu’s administration because it inherited a “nearly comatose” system.
After replacing Muhammadu Buhari as president in May, Tinubu swiftly enacted economic reforms meant to improve public finances and draw in more foreign capital. Nigerians are currently facing triple fuel prices and increased food prices, despite the fact that his administration eliminated the fuel subsidy and floated the naira.
Governor Abiodun, however, is confident that the nation would prosper in the long run and advises Nigerians to have patience with the Tinubu administration.
“The administration of President Bola Ahmed Tinubu has shown incredible audacity and boldness. They have successfully grasped the opportunity. “They have accomplished what no other government in Nigerian history has accomplished,” he declared on Sunday Politics on Channels Television.
“Deregulation was necessary to save Nigerians, and it was done at a time when the price of petroleum was at its highest point.” But they knew full well that if they didn’t act at that moment, the nation would fall apart. As they say, there can be no gain if there is no pain. He took over a government that was on the verge of collapse.
Like Tinubu, Governor Abiodun, an All Progressives Congress (APC) member, is optimistic that a change in the economy is imminent, even if the elimination of fuel subsidies and the liberalisation of the naira have resulted in a substantial rise in living expenses.
He added on the current affairs programme, “You know our President, besides being a former governor and a senator, he is also an accountant.”
All hands are on deck to turn this economy around because he is incredibly accurate. There is light at the end of the tunnel, which gives us great optimism.
Following the elimination of subsidies and the increase in living expenses, the Tinubu administration presented a package that included, among other things, a six-month salary increase for federal employees of 35,000 naira ($45), a temporary suspension of diesel fuel VAT, and cash transfers from social security to the poorest Nigerians.
All of these were intended to dissuade labour unions from threatening to go on strike.
