Former Imo State Governor, Ikedi Ohakim, has commended President Bola Ahmed Tinubu’s economic reforms, crediting them with stabilizing Nigeria’s fragile economy and restoring investor confidence both locally and internationally.
Speaking at the Synod of the Diocese of Orlu (Anglican Communion) in Imo State, where he presented a paper titled “Building Nigeria’s Troubled Economy: Practical Insight into the Challenges and Solutions,” Ohakim described Tinubu’s economic measures as tough but necessary to avert a total economic collapse.
He said: “The Tinubu administration has taken measures that, though painful, clearly prevented the complete deterioration of the national economy to an irretrievable point.
“Even though it is hard to sell, there can be no doubt that there is a brighter future ahead.”
He pointed to the removal of petroleum subsidies as a bold policy that has already started to yield positive results.
According to Ohakim, petrol prices, which previously soared above N1,500 per litre, have now stabilized around N900 nationwide with improved availability.
Ohakim also made reference to the increased federal allocations empowering state governments to meet salary obligations and implement infrastructure projects.
“Today, subnational governments receive more funds from the Federation Account, and many governors are putting it to good use,” he added.
Using Imo State as an example, Ohakim praised Governor Hope Uzodimma’s ambitious infrastructure drive and a power project targeting 24-hour electricity supply to all 27 local government areas by 2027.
Despite his praise for the economic reforms, Ohakim emphasized the urgent need for a fundamental restructuring of Nigeria’s political framework to secure long-term stability and growth.
