Tinubu’s reforms key to Nigeria’s economic recovery — APC chieftain

A chieftain of the All Progressives Congress (APC) and House of Representatives aspirant for Owo/Ose Federal Constituency, Ajibola Adetula Oludasa, has defended the economic reforms of President Bola Ahmed Tinubu.

He also described the measures as bold steps aimed at repositioning Nigeria’s economy for sustainable growth.

Oludasa, who is also the Secretary of the Tinubu Support Group (TSG), stated this during a pr we interaction, acknowledged the current economic hardship but said the reforms were necessary to correct long-standing structural challenges.

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He explained that Tinubu’s administration is focused on stabilising the macroeconomic environment, noting that the impact of such reforms often takes time to reflect in the daily lives of citizens.

Oludasa said the challenges being experienced by Nigerians are part of a transition phase that usually follows major economic reforms, stressing that there is always a time lag between policy implementation and visible results.

He said “What this administration has done is to stop painting a sinking building. The building was already sinking, and what we are doing now is reinforcing it.

“You cannot have a robust micro economy without fixing the macro. What people are experiencing in the markets is the micro side, but the foundation has to be stabilised first,”

He noted that the removal of multiple foreign exchange rates was a critical step taken by the administration to restore investor confidence and ensure transparency in the economy.

According to him, Nigeria previously operated a fragmented forex system, which discouraged investment and made economic planning difficult.

“We had different exchange rates, and that is not sustainable for any serious economy. It took bold leadership to change that,” he said.

Oludasa further stated that early signs of the reforms are beginning to emerge, citing projections of economic growth and improved market confidence as indicators of progress.

He highlighted infrastructure development as a key component of the government’s economic strategy, noting that improved road networks and transport systems would help reduce the cost of goods over time.

He said “If you want your ₦5,000 to go further, you need to reduce the cost of moving goods. That is why infrastructure investment is important,”

On global economic pressures, including tensions in the Middle East, Oludasa said Nigeria has shown resilience through policy initiatives such as the naira-for-crude arrangement, which he said helped to reduce exposure to external shocks.

He, however, acknowledged that Nigerians are still facing economic difficulties, urging patience as the reforms take full effect, saying
“this is about long-term stability, not quick fixes. The benefits will come with time,”

Oludasa also stressed the importance of strong political structures in governance, maintaining that the APC has the capacity to implement its policies effectively.

He cited Ondo State Governor Lucky Aiyedatiwa as one of the leaders aligning with the administration’s agenda at the state level and said “our governor is supporting the president’s vision and aligning development plans accordingly,” he said.

He added that Nigerians would ultimately assess leaders based on their ability to deliver results and manage reforms effectively.