Anambra Governor Praises Tinubu’s Bold Reforms for Restoring Nigeria’s Economic Stability
Lagos, Nigeria – June 14, 2025 – Anambra State Governor, Prof. Chukwuma Soludo, has credited President Bola Tinubu’s administration with rescuing Nigeria from the brink of economic collapse. Speaking at The Platform Nigeria event in Lagos on Thursday, the former Central Bank Governor lauded Tinubu’s “audacious structural reforms” for restoring the nation’s public finances to a path of solvency. The remarks were shared in a statement issued on Friday by Bayo Onanuga, Special Adviser to the President on Information and Strategy.
Soludo described the dire state of Nigeria’s economy in 2023 when Tinubu assumed office, likening it to “a standing dead horse.” He highlighted the precarious condition of public finances, which were on the verge of insolvency, threatening mass retrenchment of workers and potential arrears in salaries and pensions. “Public finance is back on a solvency path, and macro fundamentals are recovering positively,” Soludo stated, emphasizing the impact of Tinubu’s reforms.
The governor noted that Tinubu’s economic policies have garnered international recognition, with positive reports from global institutions such as the World Bank, the International Monetary Fund (IMF), and credit rating agencies like Fitch and Moody’s. While acknowledging mixed public reactions to such endorsements, Soludo argued that the trajectory of the reforms validates the praise.
Soludo urged Nigerians to adopt a more evidence-based approach to economic discourse, moving beyond mere opinions. “Many analysts have interesting ‘opinions’, but I urge them to go deeper: conduct rigorous counterfactual analysis and provide credible alternatives!” he said, adding, “As a friend said recently, the task is always easy, especially if you are not the one doing it.”
Beyond economic measures, Soludo called for a broader societal transformation, emphasizing the need for ethical reorientation and ideological realignment across Nigeria’s political and social systems. “We must deliberately create a critical mass of ‘new Nigerians’—who believe in her and are ready, if necessary, to die for her,” he said.
The governor’s remarks come amid ongoing debates about the impact of Tinubu’s economic policies, which have included measures to stabilize Nigeria’s fiscal framework and address long-standing structural challenges. Soludo’s endorsement underscores the administration’s efforts to navigate a complex economic landscape, positioning Nigeria for sustainable growth.
