Lagos Governor Babajide Sanwo-Olu says Nigeria is on a path of recovery, two years into Tinubu’s presidency.
Lagos State Governor, Babajide Sanwo-Olu, has lauded President Bola Tinubu’s administration, describing its first two years as a period of bold reforms and emerging positive economic indicators.
In an opinion piece on Saturday, Sanwo-Olu said Tinubu’s decision to end fuel subsidies was a “turning point” that enabled strategic reforms. “The removal of subsidy, though sudden and jarring, was necessary,” he wrote, noting savings of over N1 trillion monthly and the introduction of CNG buses.
He praised the unification of the foreign exchange system and the floating of the naira, saying, “While the naira is not fully stabilised yet, the spiral has been halted and a rebound is anticipated.”
Citing improved infrastructure, student loans, business grants, and a new N70,000 minimum wage, Sanwo-Olu highlighted economic progress under Tinubu.
“The train has since May 29, 2023, left the station and is moving at a reasonable and promising pace,” he said. “Though it is not yet uhuru, the indicators are positive.”