Tinubu’s reforms rescued Nigeria’s economy from collapse – Soludo

By Kunle Sanni

Governor Chukwuma Charles Soludo of Anambra State has declared that President Bola Ahmed Tinubu’s administration rescued Nigeria’s economy and public finances from imminent collapse through bold structural reforms.

Speaking on Wednesday at The Platform Nigeria — a national discourse hosted by Pastor Poju Oyemade and The Covenant Nation — Soludo commended the Tinubu administration’s economic policies, describing them as critical to restoring Nigeria’s financial stability and rebuilding investor confidence.

“The audacious structural reforms embarked upon by the current administration of His Excellency Bola Ahmed Tinubu have rescued the economy from the tipping point,” Soludo said. “Public finance is back on a solvency path, and macro fundamentals are recovering positively.”

Soludo, a former Central Bank Governor and renowned economist, recalled that when President Tinubu assumed office in 2023, the nation’s finances were near collapse, warning that without urgent reforms, Nigeria could have faced mass job losses and unpaid salaries and pensions.

Citing endorsements by the World Bank, IMF, and global rating agencies, he argued that recent positive assessments of Nigeria’s economy were well-deserved, despite past criticisms of such institutions.

While acknowledging that opinions remain divided on the government’s economic direction, Soludo urged critics to offer credible alternatives grounded in rigorous analysis rather than mere commentary.

Beyond economics, Soludo called for a nationwide ethical rebirth, stressing that Nigeria’s sustainable development depends on rebuilding values of integrity, hard work, and patriotism. He warned that a culture glorifying “wealth without work” undermines good governance and fuels corruption.

“We must deliberately create a critical mass of ‘new Nigerians’ who believe in this country and are ready, if necessary, to die for her,” he said. “No nation has prospered sustainably without a vigilant and actively participatory citizenry.”