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Tinubu Claims His Economic Reforms Are Yielding Results Despite Challenges

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President Bola Tinubu has announced that the economic reforms implemented since he assumed office are beginning to show positive outcomes.

While acknowledging the difficulties these policies have caused for Nigerians, the President emphasized that they were necessary to pull the country back from the brink of economic and social collapse.

Tinubu’s remarks were delivered at the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure (FUTA), where he was represented by the Vice-Chancellor of the University of Ilorin, Professor Wahab Egbewole.

During his address, Tinubu highlighted a significant shift in the nation’s economic trajectory, noting that Nigeria is transitioning from a consumption-driven economy to one focused on production and self-reliance.

The President appealed to Nigerians for patience and understanding as his administration works to stabilize the country.

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He reassured citizens that his government remains open to constructive criticism while striving to implement policies that benefit all.

Tinubu also reiterated his commitment to prioritizing the well-being of future generations, explaining that key decisions, such as the removal of the fuel subsidy and the unification of exchange rates, were taken to address deep-rooted economic challenges.

He said, “These reforms were essential to secure the future of our children and reposition the country on the path of sustainable growth.

I am fully aware of the hardships caused by these measures and sincerely wish there were less painful alternatives.

However, they were necessary to rescue our economy and ensure long-term prosperity.”

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Tinubu pointed out that while macroeconomic indicators are showing signs of improvement, the impact on individual households—the microeconomy—will take time to fully manifest.

He expressed optimism, stating that gradual progress is being made, and citizens will soon begin to feel tangible benefits.

“Every household will, by the grace of God, experience an improved quality of life and greater hope for the future,” he assured.

The President also addressed the issue of national security, affirming his administration’s dedication to protecting Nigerians in all regions.

“We are working tirelessly to ensure the safety and security of every Nigerian.

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Our revamped security architecture is yielding results, and the dark days of insecurity are becoming a thing of the past.

We remain focused on building a nation where everyone can thrive in peace and prosperity,” Tinubu added.

Professor Wahab Egbewole, who represented Tinubu at the event, commended FUTA for its contributions to national development through innovation and technology.

He encouraged the graduating students to apply their skills toward solving societal challenges, noting that the country’s economic transformation depends heavily on youth empowerment and technological advancement.

The removal of the fuel subsidy earlier this year was one of Tinubu’s most controversial decisions.

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While it caused an immediate spike in fuel prices and transportation costs, his administration argued that the funds previously spent on subsidies could now be redirected toward critical infrastructure and social programs.

Similarly, the unification of exchange rates aimed to reduce market distortions and attract foreign investment, though it initially led to inflationary pressures.


 

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US Criticizes Nigerian Governors for Spending Lavishly Despite Hardship

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The United States Embassy in Nigeria has raised concerns over the reckless spending habits of several Nigerian governors, accusing them of splurging public funds on luxury projects while citizens battle economic hardship.

On Tuesday, the embassy shared a report highlighting how some state leaders are spending billions on renovating or building lavish government residences and offices, despite the widespread suffering caused by current economic policies.

The report pointed out that while President Bola Tinubu has urged Nigerians to make sacrifices and endure the economic challenges, many governors appear to be doing the opposite.

One example cited was Oyo State, where Governor Seyi Makinde’s administration approved a massive N63.4 billion to renovate the Government House, calling the current structure “an embarrassment.”

In Gombe State, among the poorest in the country, Governor Inuwa Yahaya is spending N14.9 billion on a brand-new official residence, with an additional N14.23 billion going toward a new House of Assembly complex.

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Sharing the report via its official X (formerly Twitter) page, the US embassy included remarks from groups advocating for transparency and accountability, noting that this kind of excessive spending undermines public trust and deepens inequality.


 

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APC Says Tinubu Has Nothing to Fear and Cannot Be Defeated in 2027 Election

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The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has declared that President Bola Tinubu is in a strong position ahead of the 2027 elections and has no reason to fear any opponent.

Speaking in Abuja during a visit by the APC League of Professionals to the party’s national headquarters, Yilwatda said the APC is fully prepared to secure victory for Tinubu and all its candidates at every level, from governorship to the state and national assemblies.

He credited the Tinubu administration’s achievements under the Renewed Hope Agenda as a key reason for the president’s growing support. Yilwatda highlighted initiatives such as the student loan programme, which he said has made higher education more accessible to children from poor families.

“For the first time in Nigeria’s history, the poorest child can now go to school without borrowing from anyone. That opportunity has been created by this government,” he said. He also pointed to a government-backed N1.5 billion investment into the Bank of Agriculture to support young Nigerians interested in farming, saying the administration is creating real opportunities for citizens.


 

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Atiku Says Opposition Coalition Is to Protect Nigeria Not Fight Tinubu

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Former Vice President Atiku Abubakar has explained the reason behind the formation of the new opposition coalition led by the African Democratic Congress (ADC). According to Atiku, the coalition was created to defend Nigeria’s democracy from what he sees as growing authoritarian tendencies and the manipulation of elections under the current ruling party.

He emphasized that the alliance is not about political heavyweights like himself, Peter Obi, Rotimi Amaechi, or Nasir El-Rufai battling for the 2027 presidency, but about safeguarding the country’s democratic future.

Atiku made it clear that the movement isn’t aimed at attacking President Tinubu, but rather focused on putting Nigeria first. “This isn’t about fighting Tinubu,” he said. “It’s about protecting democracy and making sure Nigerians come first.”


 

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