Soludo: Tinubu’s reforms rescued Nigeria’s economy from collapse

Anambra State Governor Chukwuma Soludo says President Bola Tinubu’s administration salvaged Nigeria’s economy from the brink of collapse.

Soludo said this in an address delivered at ‘The Platform Nigeria’, hosted by Pastor Poju Oyemade and The Covenant Nation, on Thursday, June 12, 2025.

The governor, who lauded Tinubu’s economic reforms, called for a nationwide ethical and ideological rebirth to drive sustainable national development.

Speaking on the theme “Rebuilding Our Nation,” Soludo urged political parties across the country to unite along ideological lines as a first step toward a new, issue-based political culture.

He said: “The audacious structural reforms embarked upon by the current administration of HE Bola Ahmed Tinubu have rescued the economy from the tipping point.

“The endorsements by the World Bank, IMF, London Financial Times, rating agencies – Fitch, Moody’s, are well deserved.

“Many people know that I made a living criticising the World Bank and the IMF. As Governor of Anambra, I have even rejected a World Bank loan because of the terms.

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“On the trajectory of the current economic reforms, the World Bank, etc, are largely right. Funny enough, when these institutions criticise the government, some people use them to validate their criticisms, but when the same institutions give a positive report, they are derided as ‘neoliberal, out-of-touch institutions’.”

Acknowledging the broad spectrum of expert opinions on Nigeria’s economic outlook, Soludo urged public commentators to adopt a more rigorous, evidence-based approach to economic critique.

“Many analysts have interesting ‘opinions’, but I urge them to go deeper: conduct rigorous counterfactual analysis and provide credible alternatives! As a friend said recently, the task is always easy, especially if you are not the one doing it,” he added.

Beyond the economy, Soludo, who is the leader of the All Progressives Grand Alliance (APGA), stressed that Nigeria’s future rests on the character and values of its citizens, not just leadership.

The governor, therefore, called for a nationwide ethical renewal and strategic investment in Nigerians to inspire patriotism and selfless service.

The Star