As President Bola Tinubu marks two years in office, Prof. Vitalis Ajumbe, National Coordinator of the Forum of Former Members of the defunct All Nigeria Peoples Party (ANPP), has endorsed the administration’s performance.
He declared Nigeria to be on a “steady path to stability, recovery, and prosperity.”
In a statement released on Tuesday, Ajumbe commended President Tinubu for what he described as a “remarkable and courageous” effort in addressing the country’s longstanding economic and structural challenges through the Renewed Hope Agenda.
Ajumbe noted that the administration had made significant strides in economic stabilisation, including reducing Nigeria’s total public debt from 108.2 billion dollars to 94.2 billion dollars and clearing outstanding obligations to the International Monetary Fund (IMF).
He also cited a 4.6 per cent year-on-year GDP growth in Q4 2024, as reported by the World Bank, and a record trade surplus of N5.81 trillion in Q3 2024, fuelled by a boost in non-oil exports.
“The reforms may have caused temporary discomfort, but the economic fundamentals are clearly improving,” he said.
He added that the reforms pointed to a stronger Naira, falling inflation, growing foreign reserves, and rising capital inflows.
He commended Central Bank Governor Olayemi Cardoso for restoring investor confidence through robust monetary policies and transparent foreign exchange practices.
He said the clampdown on currency manipulation had stabilised the Naira and restored credibility to the apex bank.
Ajumbe also hailed the disbursement of N32.8 billion in student loans to 200,000 students.
He highlighted the two-year strike-free period in public universities as a sign of renewed stability in the education sector.
On security and national unity, he said the fight against terrorism and banditry had seen renewed vigour, with the elimination of more than 14 high-profile terrorist figures and improvements in safety across northern states.
He also noted government actions to curb cybercrime and clamp down on financial irregularities linked to digital platforms.