President Bola Tinubu has assured Nigerians that the current economic hardship will soon give way to prosperity and growth.
He gave the assurance on Thursday during the coronation of former Oyo State governor Rashidi Ladoja as the 44th Olubadan of Ibadanland.
“Today I am honoured and very proud to give you cheering news that the economy has turned the corner.
“There is a bright light at the end of the tunnel. Your suffering is a pain, a pain of a painful surgery, but it has now returned to the moment of growth, and prosperity is awaiting us ahead,” Tinubu said.
He thanked the people of Ibadan for their support during the 2023 presidential election and praised their resilience during the ongoing reforms.
Economic Reforms And Hardship
Since assuming office in May 2023, Tinubu has introduced sweeping economic reforms, including the removal of the fuel subsidy aimed at stabilising the economy.
While the measures are seen as necessary for long-term recovery, they triggered a surge in fuel prices, transportation costs, and food inflation, worsening poverty for many households. Critics argue the reforms deepened hardship, but supporters maintain they were critical steps toward economic stability.
Historic Coronation Of Olubadan
Tinubu’s convoy arrived in Ibadan at about 2:25 p.m. on Friday, accompanied by Governors Lucky Aiyedatiwa of Ondo, Biodun Oyebanji of Ekiti, and Ademola Adeleke of Osun. He was received by Governor Seyi Makinde before proceeding to Mapo Hall for the coronation ceremony.
Addressing the new monarch, Tinubu described the moment as historic and prayed for Oba Ladoja’s long life and reign, calling him “a rare gem of history.”
Ladoja officially became the 44th Olubadan after receiving the crown at the Ose Meji Temple and the staff of office from Governor Makinde in a colourful ceremony attended by dignitaries, traditional rulers, and hundreds of residents.
Read also: Rashidi Ladoja Crowned as 44th Olubadan Of Ibadan
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