The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has praised President Bola Tinubu’s administration, stating that Nigeria is experiencing remarkable progress as a result of the government’s economic and governance reforms.
Speaking during the inauguration of the PBAT Door-to-Door Movement in Abuja, the monarch described the President’s policies as transformative and said they have produced achievements never before witnessed in the country’s history.
According to the Ooni, Nigeria’s capital market has grown significantly, with market capitalization approaching ₦140 trillion, which he described as a record milestone for the nation.
He also said the reforms have enhanced Nigeria’s influence on the global stage, adding that the country is now playing a more strategic role in the European economy.
The monarch further pointed to the country’s rising foreign reserves, which he said are nearing $52 billion, expressing confidence that the improved reserves would help stabilize the naira, reduce foreign exchange volatility, and support long-term economic growth.
Oba Ogunwusi added that the government’s policies have reduced opportunities for arbitrage and rent-seeking while creating an environment that encourages productive investment. He also commended the administration’s efforts in reforming key sectors, including the Ajaokuta Steel project and the Nigerian National Petroleum Company (NNPC).
The traditional ruler concluded by expressing confidence in President Tinubu’s leadership, saying traditional rulers across Nigeria are proud to support the administration’s vision for national development.
