President Bola Ahmed Tinubu receives commendation for bold economic reforms and infrastructure projects driving Nigeria’s growth and stability

President Bola Ahmed Tinubu has been widely commended for his bold economic reforms and ambitious infrastructure projects that are reshaping Nigeria’s development landscape.

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Chief Victor Ogba, an APC chieftain and President of the Movement for National Transformation, expressed strong support for Tinubu’s re-election, citing his transformative leadership during a recent interview in Abuja.

Chief Ogba highlighted Tinubu’s decisive removal of the fuel subsidy, describing it as a crucial step away from a fiscal drain that had long burdened the nation’s finances.

He also criticised the previous administration’s mismanagement of the Central Bank, which contributed to capital flight and currency speculation, problems that Tinubu’s government is actively addressing.

Among the landmark initiatives championed by the President is the Lagos-Calabar Coastal Highway, a project symbolising Tinubu’s commitment to national infrastructure and economic growth.

Ogba emphasised that Tinubu has tackled challenges many predecessors shied away from, demonstrating courage and pragmatism in steering the country through economic reform.

Despite inheriting difficult legacies, Tinubu’s administration has redirected funds to vital sectors such as healthcare, education, infrastructure, humanitarian aid, and security.

Ogba applauded these efforts as essential for building a socially inclusive recovery and fostering national growth.

A notable achievement praised by Ogba was the unification of Nigeria’s multiple exchange rates, which has boosted government revenue significantly.

According to the National Bureau of Statistics, Nigeria’s 36 states, including the FCT, generated a combined internally generated revenue of N2.43 trillion in 2023, marking a 26.03 per cent growth from the previous year.

The removal of the fuel subsidy has also contributed to increased revenue, enabling more substantial investment in other key areas.

Additionally, improved fiscal management has lowered the percentage of revenue spent on debt servicing from 97 per cent to 68 per cent.

In a historic milestone, Nigeria was recently exempted from the list of countries indebted to the International Monetary Fund after clearing its last tranche of a $1.61 billion debt.

This reflects the country’s improving financial standing under Tinubu’s leadership.

Ogba further praised President Tinubu for inaugurating the ANOH and AHL Gas Processing Plants, which have increased domestic gas supply by 500 million standard cubic feet per day, strengthening the gas and oil sector.

He also acknowledged the upgrades to Nigeria’s ports under Tinubu’s oversight.

Education has seen significant investment, with the disbursement of N56.85 billion in student loans to over 550,000 students within a year, according to data from the Nigerian Education Loan Fund.

This support highlights Tinubu’s commitment to advancing national literacy and empowering young Nigerians.

In the power sector, Tinubu’s signing of the Electricity Act has ended the federal monopoly, enabling states and private entities to generate, distribute, and transmit electricity.

Ogba expressed optimism that these reforms will stabilise Nigeria’s electricity supply and boost economic productivity.

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Chief Victor Ogba’s endorsement underscores the growing appreciation for President Bola Ahmed Tinubu’s leadership style — one marked by courage, innovation, and a genuine commitment to Nigeria’s socio-economic transformation.