The Yoruba Council Worldwide has applauded President Bola Tinubu for repaying the $3.4 billion International Monetary Fund (IMF) loan, calling it a milestone for Nigeria’s economic recovery.
Speaking with the News Agency of Nigeria (NAN) in Lagos, the council’s president, Mr. Oladotun Hassan, said, “We appreciate President Tinubu’s bold economic decisions. He deserves full support and prayers.”
Hassan also commended Tinubu for repurposing looted assets and launching youth-focused initiatives such as student loans and a youth academy.
“These achievements have brought support from various quarters, even opposition parties,” he said.
He cautioned Afenifere against turning power rotation into an ethnic debate. “Democracy isn’t about ethnic entitlement,” Hassan stated.
He added, “If Tinubu can pay the IMF loan, he can reduce food prices,” citing rice prices falling from N120,000 to N50,000.
Minister of Information Mohammed Idris confirmed the repayment, saying it boosts Nigeria’s fiscal credibility and addresses inherited financial burdens.