Tinubu's Reforms Stabilize Nigeria's Economy, Says Fasuyi

Senator Cyril Fasuyi (Ekiti North), the Chairman of the Senate Committee on the South West Development Commission, asserted that President Bola Ahmed Tinubu has rescued Nigeria from the brink of economic collapse through significant reforms. During a stakeholders’ engagement in Ekiti State with Dr. Isa Yuguda, the National President of the APC Professionals’ Forum, Fasuyi defended the Tinubu administration's economic policies.

He noted that the administration faced an economy burdened by fuel subsidy payments, multiple foreign exchange windows, declining public revenues, and rising debt obligations. Fasuyi praised Tinubu for making difficult decisions, such as removing the fuel subsidy and unifying the foreign exchange market, which he believes have restored fiscal discipline and investor confidence.

He acknowledged that these reforms have caused temporary hardships but insisted they prevented a more severe economic crisis. Fasuyi expressed confidence that the benefits of these reforms would become clearer over time, urging Nigerians to be patient as the economy stabilizes and grows.