President Bola Tinubu has assured Nigerians that the current economic hardship will soon give way to prosperity and growth.
He gave the assurance on Thursday during the coronation of a former Oyo State governor, Rashidi Ladoja, as the 44th Olubadan of Ibadanland.
“Today I am honoured and very proud to give you cheering news that the economy has turned the corner.
“There is a bright light at the end of the tunnel. Your suffering is a pain, a pain of a painful surgery, but it has now returned to the moment of growth, and prosperity is awaiting us ahead,” Tinubu said.
He thanked the people of Ibadan for their support during the 2023 presidential election and praised their resilience during ongoing reforms.
Since assuming office in May 2023, Tinubu has introduced sweeping economic reforms.
These include the removal of the fuel subsidy.
While aimed at stabilising the economy, the measures have triggered a hike in the cost of living.
Fuel prices soared, transportation costs increased, and food prices escalated, deepening inflation and poverty across the country.
Critics argue the reforms worsened hardship for many households, but supporters of the President’s actions insist they were necessary for long-term economic recovery.
