Former Imo Governor Ikedi Ohakim has praised President Ahmed Bola Tinubu\u2019s administration for taking measures that, though painful, have prevented the complete deterioration of the national economy.<\/p>\n
Delivering a paper titled: \u201cBuilding Nigeria\u2019s troubled economy: Practical insights into the challenges and solutions\u201d at the Synod of Diocese of Orlu (Anglican Communion), Ohakim said President\u2019s economic reforms saved the nation\u2019s economy from total collapse.<\/p>\n
\u201cThe Tinubu administration has taken measures that, though painful, clearly prevented the complete deterioration of the national economy to an irretrievable point.<\/p>\n
\u201cAgreed, Nigerians are reeling under excruciating pains as a result of some of the measures, but even though it is hard to sell, there can be no doubt that there is a brighter future ahead,\u201d he stated.<\/p>\n
Ohakim highlighted the success of the subsidy removal policy, noting that petrol is now available across the country at a lower price.<\/p>\n
\u201cAt the initial stage of the removal of the subsidy on Petroleum products, Premium Motor Spirit (PMS) was sold at over N1,500 per liter. Today, it sells at about \u20a6900 per liter all over the country.\u201d<\/p>\n
He also commended the Tinubu administration for freeing up funds for State Governments, enabling them to pay salaries and implement projects.<\/p>\n
\u201cToday, the subnational governments, that is, the state governments, receive more money from the Federation account. Many of the governors are putting it to good use,\u201d he stated.<\/p>\n
Using Imo State as an example, Ohakim cited the road revolution and ongoing electricity project as evidence of the positive impact of the Tinubu administration\u2019s policies.<\/p>\n
\u201cThe road revolution going on needs not be overemphasized because it is there for all to see. The Uzodimma administration is undertaking an electricity project that is expected to guarantee a 24-hour electricity supply in all 27 local government areas of the state before August 2027.\u201d<\/p>\n
However, Ohakim called for restructuring of the nation\u2019s political structure, saying: \u201cThe urgency of our situation demands a new normal, a clear and different structure through which our people will be organized to face the changing world.\u201d<\/p>\n
He expressed confidence that President Tinubu possesses the courage to undertake this task.<\/p>\n
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