The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, has lauded President Bola Tinubu’s administration, saying the country is witnessing remarkable progress across key sectors under his leadership.
Speaking at the inauguration of the PBAT Door-to-Door Movement in Abuja on Thursday, the monarch said Tinubu assumed office with a clear vision, adding that the results of his policies are already visible.
According to him, the administration has recorded significant gains in governance, the economy and the private sector.
“President Bola Ahmed came very prepared, and the result is obvious. From the public governance and the private sector, what’s happening in this country has never been experienced before.
“If you go to the capital market of Nigeria today, we are getting to a market capitalisation of over N140 trillion. Never in the history of Nigeria,” he said.
The Ooni also praised the administration’s economic reforms, saying they have strengthened Nigeria’s position globally.
“Never in the history of our country that Nigeria will play a strategic role in the European economy,” he added.
He further highlighted the increase in Nigeria’s foreign reserves, expressing optimism that the country’s foreign exchange market would remain stable while creating opportunities for increased local production.
“Also, the foreign reserve of this country is now getting to $52 billion. This can finance importation in the next three years conveniently. The projection is there, and clearly the dollar is going to be stabilised, and there won’t be anything to shake our foreign exchange. The disparity is so close.
“No more arbitrage. No more rent-seeking. We are now ready for real production in our country. Look at what he has done to Ajaokuta Steel and the NNPC,” he said.
The monarch also said traditional rulers across Nigeria are proud of the president’s leadership and expressed confidence in his administration.
His comments come amid ongoing economic hardship in the country, with many Nigerians still feeling the impact of the removal of fuel subsidy and other reforms introduced by the Tinubu government.
