Abia State Governor Alex Otti has supported President Bola Tinubu’s economic reforms, stating that the current economic struggles in Nigeria are a result of years of ineffective policies, not the president’s decisions.
Otti expressed these views on Tuesday while welcoming First Lady Oluremi Tinubu, who was visiting Abia to honor the state’s Akwete weaving tradition. The governor requested that the First Lady pass on his thanks to President Tinubu for what he termed courageous leadership.
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“I also ask that you convey our congratulations to His Excellency, President Bola Ahmed Tinubu,” he stated. “Please thank him for his bravery and sacrifices. Some may not grasp it, but it takes true courage to make decisions like the removal of the petroleum subsidy and the floating of the naira in 2023.”
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Otti noted that these actions have liberated significant funds for federal, state, and local governments. “This has allowed for a reallocation of resources from mere consumption to initiatives within the federal and state governments, enabling local governments to thrive,” he explained.
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He highlighted that many states are now able to pay salaries, invest in infrastructure, and empower citizens to create rather than just consume. While he recognized that these reforms may lead to immediate challenges, Otti emphasized their importance for long-term economic recovery.
“Let there be no doubt that every brave decision has consequences. The removal of the subsidy and the floating of the naira will have effects, but over time, the economy will stabilize,” he stated. “What many perceive as hardship today is actually a result of past poor decisions.”
