Tinubu’s govt on right path to recovery- Oshiomhole

Former Edo State Governor and Senator representing Edo North, Sen. Adams Oshiomhole, has expressed strong support for President Bola Tinubu’s economic reforms, asserting that despite the hardship currently experienced by Nigerians, the administration is on the right path to recovery.

Speaking on Channels TV’s Politics Today on Tuesday,  the lawmaker acknowledged the growing public discontent over the rising cost of living and the closure of businesses since the removal of fuel subsidy in 2023, but urged Nigerians to be patient and maintain trust in the reforms.

“There is no question that there are huge challenges. But if you look at the balance sheet that this president inherited — massive liabilities arising from the very reckless misuse of ways and means — you’d understand why these steps were necessary,” he said.

Describing the economic recovery process as akin to a medical operation, he noted “It’s a work in progress. The surgeon has gone to carry out the surgery. He understands that there is a level of pain — there has to be pain. But the good news is that the patient is healing. Maybe he could heal faster, but there can be no question that the patient is healing.”

He pointed to the exchange rate unification as a painful but critical decision to align supply with demand, warning that failure to do so could have plunged the country into a Zimbabwe-like economic collapse.

“The consequential increase in cost of living was predictable. But if that was not done, Nigeria was on its way to Zimbabwe,” Oshiomhole stated.

According to him, Tinubu deliberately chose to make all the difficult but necessary decisions in his first term to pave the way for long-term recovery.

“He took the right decision by insisting that in the first term, he would take all the tough decisions — prayerfully — so that as we move on, the situation improves,” he said.