Nasarawa State Governor Abdullahi Sule has credited President Bola Ahmed Tinubu with rescuing several Nigerian states from bankruptcy through bold economic decisions that increased revenue allocations to the Federation Account.
Speaking yesterday while receiving the management team of the Federal Radio Corporation of Nigeria (FRCN), North Central Zone, led by Zonal Director Babayo Askira at the Government House in Lafia, Sule praised Tinubu for removing fuel subsidy and unifying the exchange rate — reforms many world leaders had avoided.
“Every time I speak about how Nasarawa State is able to breathe, I must show great appreciation to the man who took the bullet on our behalf, and that is President Bola Ahmed Tinubu,” Sule said.
“He took two very difficult decisions at the same time — the unification of the foreign exchange rate and the removal of fuel subsidy. These are decisions very few leaders in the world would agree to take.”
The governor explained that these politically risky moves, taken on Tinubu’s first day in office, burst the “bubble” of unsustainable fiscal practices and returned the nation to economic reality.
Sule noted that many states, burdened by foreign exchange-linked borrowings taken when the naira was around N350 to the dollar, are now struggling to repay at over N1,000 to the dollar. Nasarawa avoided such loans during his first term, allowing it to benefit from improved revenue inflows.
“A lot of people won’t believe that just a little over a year ago, our inflation rate was over 30 percent. Today, inflation is less than 15 percent. It is not magic. It’s hard work and a lot of efforts to enhance non-oil revenue generation,” he added.
Sule urged critics to acknowledge the temporary hardship caused by the reforms while recognising their long-term benefits.
He also commended FRCN for its role in promoting peace and unity in Nasarawa, crediting traditional rulers, security agencies, and the media for the prevailing tranquility.
Askira, a lawyer and former General Manager of Precious FM Lafia (2008–2010), expressed amazement at the transformation across the state — from Karu to Keffi and Akwanga praising the Mararaba flyover and the governor’s leadership in maintaining peace and security.
