Tinubu’s Reforms Stabilising Nigeria’s Economy — Lawmaker Erondu Jnr

The All Progressives Congress (APC) Candidate for Abia South Senatorial District, Erondu Uchenna Erondu Jnr, has congratulated President Bola Ahmed Tinubu on his third anniversary in office, describing the President’s economic reforms as bold policies that are stabilising Nigeria’s economy.

Erondu Jnr, who represents Obingwa-West State Constituency in the Abia State House of Assembly, stated this yesterday during a national television interview while reacting to President Tinubu’s three years in office.

According to the lawmaker, governing a country as large and complex as Nigeria is no easy task, noting that the Tinubu administration has made significant progress in stabilising the economy despite prevailing challenges.

He stated that the administration has also strengthened fiscal federalism through policies that have increased financial resources available to states and local governments across the country.

The former Chairman, Obingwa Local Government Area, further noted that the reforms introduced by the Tinubu administration are gradually laying the foundation for long-term economic stability and national development.

Speaking on the just-concluded APC primaries, Erondu Jnr described the exercise as one of the freest and fairest primary elections conducted in recent times, commending the national leadership of the party for allowing internal democracy to thrive.

According to him, the direct primary system gave party members the opportunity to freely choose candidates of their choice across the country.

He disclosed that the APC primary election in Abia South Senatorial District was conducted simultaneously across the 65 electoral wards in the zone, with party members turning out massively to support their preferred candidates.

The legislator said he emerged victorious in the exercise with a wide margin, attributing his success to his long-standing relationship with the people and years of grassroots engagement through empowerment and intervention programmes.

The lawmaker also condemned the alleged hijacking of election materials during the primaries, describing the incident as unfortunate and inconsistent with democratic principles.

According to him, President Tinubu has consistently demonstrated commitment to internal democracy and credible electoral processes within the APC.

Meanwhile, President Bola Ahmed Tinubu has defended the economic reforms introduced by his administration, describing them as necessary measures to prevent Nigeria from sliding into economic collapse.

In a nationwide broadcast to mark the third anniversary of his administration, President Tinubu said his government inherited a nation burdened by deep structural and economic challenges, including fuel subsidy burdens, exchange rate distortions, rising debt obligations, declining revenues, and worsening insecurity.

The President maintained that the difficult decisions taken since May 29, 2023, particularly the removal of fuel subsidy, were aimed at restoring fiscal stability and repositioning the economy for sustainable growth.

According to him, Nigeria spent as much as ₦18.4 billion daily on petrol subsidies at the height of the regime, amounting to over ₦4 trillion in 2022 alone. He noted that continuing the subsidy programme would have deprived critical sectors such as infrastructure, healthcare, housing, and education of much-needed funding.

While acknowledging the hardship caused by the reforms, especially the rising cost of living, President Tinubu insisted that the sacrifices made by Nigerians are already yielding positive results across key sectors of the economy.