Oyebade Backs Tinubu's Economic Reforms to Avert Crisis

Major General Adeniyi Oyebade (rtd), a former General Officer Commanding of the 1 Mechanised Division of the Nigerian Army and former Commandant of the Nigerian Defence Academy, defended President Bola Ahmed Tinubu's economic reforms. He described the removal of fuel subsidy and foreign exchange reforms as bold and essential to avert a looming economic collapse in Nigeria.

Oyebade acknowledged the significant hardships these reforms have caused but argued they are necessary for a long-term economic reset. He emphasized that the reforms address years of economic mismanagement and distortions, which previous administrations failed to rectify.

Oyebade pointed out that the country had previously spent considerable resources on defending the naira and subsidizing petroleum products, benefiting only a select few. He stated that the reforms aim to redirect public resources towards infrastructure and development, ultimately benefiting the populace.

Oyebade concluded that while the changes may be slow, they are crucial for Nigeria's economic stability and growth.