Four Years Not Enough for Tinubu’s Reforms to Deliver, Says Ojugbana, Insists Policy Continuity Critical to Industrialisation, Food Security
The Founder of Farmafrik.org, Les Ojugbana, has said four years may not be enough for President Bola Ahmed Tinubu’s economic reforms to deliver their full benefits, warning that reversing course
Les Ojugbana, founder of Farmafrik.org, has cautioned that four years may not be enough for President Bola Ahmed Tinubu’s economic reforms to fully benefit Nigeria. He warned that reversing course as key indicators begin to improve could undermine the nation’s recovery. Ojugbana praised the removal of petrol subsidy as a bold move, despite the subsequent cost-of-living pressures.
He stressed that structural problems like infrastructure deficits and import dependence have plagued Nigeria for decades and will not disappear overnight. While noting a stabilisation in key economic indicators, such as a growth in real GDP and manufacturing expansion, Ojugbana emphasized that ordinary Nigerians have yet to feel the benefits of these reforms.
He called for faster government action to translate economic growth into jobs and stronger purchasing power. Ojugbana also highlighted improvements in the private sector, such as a reduction in theft in his oil operations and greater access to dollars for businesses, as evidence of progress in the reform process. He cautioned against a wholesale reversal of economic direction following a change of administration, noting that Nigeria risks resetting progress if every four years the previous government's economic framework is dismantled.
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