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Tinubu’s Policies Saved Nigeria, Soludo Claims

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Tinubu's Policies Saved Nigeria, Soludo Claims

Anambra State Governor and former Central Bank of Nigeria (CBN) chief, Professor Charles Chukwuma Soludo, has thrown his weight behind the economic reforms initiated by President Bola Ahmed Tinubu, describing them as bold interventions that saved Nigeria from imminent economic collapse.

Speaking on Thursday at The Platform, a special Democracy Day symposium hosted by The Covenant Nation in Lagos, Soludo acknowledged the hardship Nigerians have faced but insisted that the current administration’s decisions were necessary to reset a stalled economy.

“I know I may disappoint some who expect me to criticise the government or present a new economic blueprint,” Soludo said to a packed audience in the church auditorium at Iganmu. “But I must say this without hesitation: the audacious structural reforms by President Tinubu’s administration have rescued the Nigerian economy from a tipping point.”

Since taking office in May 2023, President Tinubu has embarked on a series of economic overhauls, most notably the removal of the decades-long petrol subsidy and the unification of Nigeria’s multiple exchange rates. While these policies have sparked inflationary pressures, affecting everything from food prices to transport costs, Soludo argues that inaction would have been far worse.

“We were at a place where the economy could barely move,” Soludo explained. “Subsidies were unsustainable, and the foreign exchange market was riddled with distortions. These reforms may be painful now, but they have allowed the economy to breathe again.”

Soludo, who served as CBN Governor between 2004 and 2009, is known for his directness when it comes to economic matters. On Thursday, he used the Democracy Day platform to both affirm the necessity of the Tinubu administration’s policies and challenge fellow economists to move beyond surface-level critiques.

“There is still a lot to be done, yes. But we must give credit where it is due,” he said. “The international community, the World Bank, IMF, and even global media outlets like the Financial Times, are all watching and acknowledging that we are finally making tough but overdue decisions.”

Recalling his own time in office, Soludo shared that he once rejected a World Bank loan due to terms he considered unfair, yet he emphasized that Nigeria’s current reform direction aligns with the assessments of these global institutions.

“When the World Bank criticises a government, many rush to quote them. But when they praise reforms, some dismiss them as neoliberal or out of touch. We can’t cherry-pick. We must be intellectually honest,” he stated.

In a moment of candor, Soludo referenced a friend who once told him, “The past is always easy, especially if you’re not the one who lived it.” He used the quote to urge critics to avoid easy nostalgia and instead focus on offering rigorous, fact-based alternatives to current policies.

The Platform event drew a diverse gathering of high-profile Nigerians, including former Independent National Electoral Commission (INEC) Chairman Attahiru Jega, former Minister of Works and Housing Babatunde Fashola, and other government officials and policy influencers. The event served as one of the major highlights of the country’s Democracy Day celebrations, commemorating the historic June 12, 1993, elections.

Soludo’s remarks were particularly poignant on a day meant for national reflection.

“Yes, Nigerians are suffering,” he admitted. “But let us not forget that many of these reforms are about laying a foundation, not for short-term applause but for long-term prosperity.”

He also urged President Tinubu and his team not to waver in the face of growing public discontent.

“These are not easy choices. But leadership is about doing what is right, not what is easy. My advice to the President: stay the course. Engage citizens, listen more, and communicate the vision clearly.”

The governor’s balanced stance, acknowledging present struggles while defending difficult decisions, stood in contrast to the often polarised national discourse around Tinubu’s economic strategy. His message was clear: reform is never painless, but it is sometimes the only path to renewal.

As Nigeria continues to wrestle with rising inflation, a weakened naira, and widespread public discontent, Soludo’s intervention serves as both a vote of confidence and a call for responsible governance and civic engagement.

“We have to go deeper. Social media hot-takes won’t solve our economic problems. Let’s challenge each other, leaders and citizens alike, to think critically and act courageously,” he concluded.

Ripplesnigeria.com

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BREAKING: PDP Picks Vice Presidential Candidate

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Lagos PDP Chair Absent As Bode George Launches LG Campaign

The Peoples Democratic Party (PDP) faction led by the Minister of the Federal Capital Territory, Nyesom Wike, has reportedly selected its National Vice-Chairman for the North-East, Babangida Umaru, as the running mate to its presidential candidate, Sandy Onor, ahead of the 2027 general elections.

A senior member of the Abdulrahman Mohammed-led National Working Committee disclosed that Onor and the party leadership settled for Umaru after consultations with key stakeholders.

The source, who spoke with The PUNCH on condition of anonymity because he was not authorised to publicly discuss the nomination, said the details of both candidates had been uploaded to the Independent National Electoral Commission’s portal.

“We deliberated and consulted widely. After the consultations, the presidential candidate and the NWC agreed and settled on Babangida Umaru, who is currently the party’s National Vice-Chairman, North-East, as the running mate and vice-presidential candidate. His details have also been uploaded,” the source said.

INEC fixed 6pm on July 11, 2026, as the deadline for political parties to submit nomination forms for their presidential and National Assembly candidates through its online portal.

The exercise, which began on June 27, involved the submission of Forms EC9 and EC9A to EC9E in accordance with Section 29(1) of the Electoral Act, 2026.

The commission also scheduled the submission of nomination forms for governorship and state Houses of Assembly candidates to begin at 9am on July 18 and end at 6pm on August 8.

The PDP National Publicity Secretary, Mohammed Jungudo, confirmed that the party had completed the upload of its National Assembly candidates.

He also confirmed that the names of the presidential and vice-presidential candidates had been submitted but declined to officially identify the running mate.

“We have successfully completed the National Assembly uploads, and everything is going very well. We have concluded the National Assembly uploads. Nothing is left. We have also uploaded the presidential and vice-presidential candidates,” Jungudo said.

“As for the name of the vice-presidential candidate, if the information did not come from the national chairman or me, then it is not official.”

Jungudo said the party would focus next on completing the nomination of governorship and state Assembly candidates before setting up committees to coordinate its campaigns.

“Regarding our preparations, you can see that uploading candidates is one of the major steps in the process. Once we are done with the governorship and state Houses of Assembly, the next step is to await the official date for the commencement of campaigns,” he said.

“Between now and then, we are working on the various committees that will spearhead the campaigns.”

He expressed confidence that the party would perform strongly in the elections, insisting that ongoing legal disputes would not distract its leaders, candidates and supporters.

“We are very much prepared, and not even the legal issues constitute any impediment. Everything is going smoothly, and in no distant time, we will make public the various committees that will lead the campaign and take us to victory,” he added.

Jungudo urged the candidates to work closely with party leaders and stakeholders in their constituencies.

“Our candidates should tighten up. They should remember what the national leader said: nobody gives you power on a platter of gold; you have to fight for it.

“They have to sit up, do everything required of them and cooperate with all party leaders and stakeholders at every level.”

He said the PDP was targeting a majority of seats in the National Assembly and state legislatures, as well as governorship victories in at least two-thirds of the states.

“As for the presidential election, we are keeping our strategy close to our chest. However, I can tell you that our candidates are in high spirits, and I want them to maintain that spirit,” he said.

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BREAKING: Tinubu Picks 2027 Running Mate

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The All Progressives Congress on Friday confirmed Vice President Kashim Shettima as President Bola Tinubu’s running mate for the 2027 presidential election, ending months of speculation over his place on the party’s ticket.

The ruling party also expressed confidence that Tinubu and Shettima would secure re-election as it formally received their nomination forms for onward submission to the Independent National Electoral Commission ahead of Saturday’s deadline.

The nomination forms of Tinubu and Shettima were presented to the APC National Chairman, Prof. Nentawe Yilwatda, in Abuja by the President’s Special Adviser on Political Matters, Ibrahim Masari, during a ceremony attended by members of the Progressive Governors’ Forum, the National Assembly, the Federal Executive Council, the APC National Working Committee, state party chairmen and some governorship candidates.

The submission comes ahead of INEC’s 6 pm Saturday deadline for political parties to upload the nomination forms of their presidential and National Assembly candidates through its online nomination portal in line with the Electoral Act, 2026.

Addressing party leaders, the APC National Organising Secretary, Sulaiman Argungu, described the occasion as the formal presentation of the duly completed nomination forms of the party’s presidential and vice-presidential candidates.

Argungu said Tinubu had earlier emerged as the party’s presidential candidate through its primary election and urged members to remain united ahead of the 2027 poll.

Speaking on behalf of APC governors, Imo State Governor, Hope Uzodimma, reaffirmed their support for Tinubu and the party’s leadership.

“We are delighted that this event is coming after a well-organised and thoroughly supervised primary process. We reiterate our commitment to continue supporting President Tinubu and the party,” he said.

Uzodimma urged party members to close ranks behind all APC candidates, expressing confidence that the party would retain power in the next general election.

Receiving the nomination forms, APC National Chairman Yilwatda said the occasion reflected the confidence of party members in Tinubu’s leadership.

He cited the student loan scheme, infrastructure projects and agricultural interventions as some of the achievements of the administration, expressing confidence that the Tinubu-Shettima ticket would secure another term in office.

“We will all come out and mobilise across the six geopolitical zones. I am sure there will be healthy competition among the governors.

“One geopolitical zone has already told me they will deliver the highest number of votes for Mr President. I will be happy to see such competition among the governors as they mobilise their states so that we can see which state will return the highest number of votes for Mr President,” he stated.

Yilwatda added that the party would campaign on the administration’s record in office, saying Nigerians would reward Tinubu’s achievements with another mandate.

Speaking with journalists after the ceremony, APC National Publicity Secretary, Felix Morka, confirmed that the party had retained Tinubu and Shettima as its presidential and vice-presidential candidates.

“The presidential candidate of the party is President Bola Ahmed, the Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, and our vice presidential candidate is the Vice President of the Federal Republic of Nigeria, Senator Kashim Shetima,” he stated.

With the submission of the nomination forms, the APC has formally retained the Tinubu-Shettima ticket for the 2027 presidential election, putting to rest months of speculation over the vice president’s place on the ballot.

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FULL LIST: APC Publishes House of Reps, Assembly Primary Election Winners [ICYMI]

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The Lagos State chapter of the All Progressives Congress has released the names of candidates who emerged victorious in the party’s House of Representatives and State House of Assembly primaries ahead of the 2027 general elections.

The list, signed by the Lagos APC Chairman, Cornelius Ojelabi, was published Published in The Nation Newspaper.

According to the document, 24 candidates secured the party’s tickets for the House of Representatives, while 40 candidates emerged for the Lagos State House of Assembly.

The release of the candidates’ list comes amid increasing political activities within the Lagos APC ahead of the 2027 elections.

In recent weeks, the party leadership has repeatedly assured aspirants of a transparent process, following the adoption of direct primaries and consensus arrangements for the elections.

Mr Ojelabi had also warned party members against violence and anti-party activities during the primaries conducted across the state.

The emergence of Mr Obasa for the Agege Federal Constituency is expected to attract political attention within the party because of his influence in Lagos politics and the state legislature.

 

 

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