The Minister of Industry, Trade and Investment, Jumoke Oduwole, has expressed confidence in the economic policies of President Bola Tinubu, stating that their effects are already evident in Nigeria. Speaking on Channels Television’s Politics Today, Oduwole remarked that no one can deny the progress made in stabilizing the economy.
Oduwole acknowledged the pain brought by the removal of the fuel subsidy in 2023 but insisted that the measure was essential for long-term stability. She emphasized the need for foundational reforms, comparing the situation to planting seeds in poor soil, which could not yield results. According to her, Tinubu’s reforms were necessary, despite acknowledging the current rise in the cost of living.
“The foundation has been laid, empirically verifiable,” she stated, urging Nigerians to remain patient as they work through economic challenges. Oduwole maintained that the Nigerian economy had withstood global economic shocks and credited Tinubu’s understanding and courage in pursuing necessary reforms.
Addressing concerns about job creation in the ICT sector, the minister reported that significant progress has been made, although she did not specify figures. Additionally, she highlighted the government’s initiatives to encourage local production and exports, as well as the establishment of infrastructure projects aimed at improving daily life for Nigerians.
Oduwole concluded by asserting that history would remember President Tinubu favorably for his efforts in economic stabilization and development.
