Oshiomhole Supports Tinubu's Reforms, Claims Lower Costs

Adams Oshiomhole, the Senator representing Edo North, defended the economic reforms of President Bola Tinubu during an interview on Channels Television’s Politics Today. He claimed that despite the reforms, Nigerians still enjoy a lower cost of living than those in the United States.

Oshiomhole stated that ₦2,000 can purchase food from local restaurants known as ‘mama put’ in Nigeria, contrasting it with the inability of $1 to buy anything in the US. He dismissed opposition claims that Tinubu's reforms have worsened poverty, arguing that the comparison with the US illustrates Nigeria's relatively lower living costs.

Oshiomhole acknowledged that the reforms, including the removal of the fuel subsidy and the unification of the exchange rate, were painful but necessary to prevent economic collapse. He noted that before Tinubu took office, a significant portion of Nigeria's revenue was allocated to subsidies and debt servicing, leaving little for development.

Oshiomhole urged patience from Nigerians, asserting that the benefits of the reforms would become evident over time.