Tinubu's Bold Reforms Re-engineering Nigeria for Long-Term Growth, Says TSG Secretary
The secretary of the Tinubu Support Group (TSG), Ajibola Adetula Oludasa, has declared that President Bola Tinubu is actively re-engineering Nigeria to reposition the country for long-term economic and sustainable growth, even as citizens face short-term hardships. Oludasa made these remarks during a recent appearance on a TVC show, where he emphasized the administration's focus on correcting deep-seated macroeconomic distortions that have plagued the nation for years.
Addressing Macroeconomic Distortions and Transition Challenges
According to Oludasa, who is also a leading House of Representatives aspirant for the Owo/Ose federal constituency, many of the current economic challenges are part of a necessary transition phase that typically follows major structural reforms. He stressed that the distinction between macroeconomic stability and microeconomic realities is often misunderstood, noting that reforms at the top level must first take root before they can positively impact households and markets across Nigeria.
Oludasa highlighted that prior to these reforms, Nigeria operated a fragmented foreign exchange system with multiple rates, which discouraged investment and distorted economic planning. He explained, "We had a central bank rate, a black market rate, and even a parallel market rate. That is not sustainable for any serious economy. It took bold leadership to say this must change."
Resilience Amid Global Crises and Strategic Policy Initiatives
On the impact of global crises, particularly tensions in the Middle East, Oludasa noted that Nigeria has demonstrated relative resilience due to strategic policy initiatives such as the naira-for-crude arrangement. He asserted that Nigeria is set to grow above the global average, with market indicators reflecting confidence in the administration's deliberate policy actions.
Oludasa elaborated, "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. When you are underpinning a structure, there will be dust, and there will be discomfort, but the goal is long-term stability." He emphasized that these efforts are not cosmetic or about quick fixes but are focused on rebalancing the economy for the future, requiring patience from Nigerians.
Emphasis on Governance and Implementation Structures
In his concluding remarks, Oludasa underscored the importance of organization in governance, stating that it is not just about ideas but about the structures that can implement those ideas effectively. He warned that without proper implementation structures, even the best intentions will fail, reinforcing the administration's commitment to building a solid foundation for Nigeria's economic future.
