Tinubu commissions rebuilt Premier Hotel, says economic reforms yielding results
President Bola Tinubu on Thursday commissioned the newly rebuilt Premier Hotel in Ibadan, Oyo State, declaring that his administration’s economic reforms were beginning to produce tangible results and urging Nigerians and investors to take advantage of emerging opportunities in the country’s evolving economy.
Represented at the event by the Secretary to the Government of the Federation (SGF), Senator George Akume, the President described the transformation of the iconic hospitality facility atop Mokola Hill as a symbol of heritage preservation, economic renewal and the resilience of institutions established by the founding leaders of the old Western Region.
Tinubu said the extensive modernisation of the hotel demonstrated how legacy assets could be repositioned to meet contemporary demands without losing their historical significance.
“Heritage should not merely be remembered; it should be preserved, strengthened and passed on from one generation to another,” the President said, noting that Premier Hotel had remained an important part of Nigeria’s history, having hosted distinguished Nigerians and international visitors over several decades.
He commended the founding fathers of the defunct Western Region for establishing institutions that became engines of economic development and praised successive administrations for sustaining Odu’a Investment Company Limited through decades of economic and political transitions.
The President also applauded the six shareholder states of Odu’a Investment Company—Oyo, Ogun, Ondo, Osun, Ekiti and Lagos—for their commitment to preserving and revitalising one of the South-West’s most valuable legacy assets.
According to him, the successful redevelopment of Premier Hotel underscored the importance of collaboration between governments and the private sector in driving economic growth.
“What we are witnessing here today is a triumph of good governance, public sector-private sector collaboration and strategic partnerships,” Tinubu said.
