Oyintiloye seeks support for Tinubu, says reforms will yield results in 2025

Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC), has expressed confidence that the economic policies of President Bola Tinubu will begin to deliver positive results by 2025.

Speaking on Sunday in Osogbo, the Osun state capital, Oyintiloye said the economic hardship occasioned by the president’s policies is temporary.

The APC chieftain said the economic reforms have started yielding results, but the full impacts would be palpable in 2025.

“Presently, president Tinubu’s economic reforms have triggered a dramatic surge in revenue allocation from federation accounts to various states, which allows them to deliver bigger dividends of development to Nigerians,” he said.

The former lawmaker highlighted the president’s approval of a $2.25 billion fund sourced from the World Bank as part of efforts to address the country’s economic challenges.

“This funding, sourced from the World Bank, aims to enhance revenue and support economic reforms amid the severe cost-of-living crisis,” he said.

“As part of a rapid stabilisation and development strategy, this urgent financial assistance is intended to revive the economy quickly.

“The funds are specifically targeted to reduce interest rates in key sectors and provide credit lines to support small, medium-sized, and large businesses.

“Nigerians should rest assured that we will surely see even more of the positive outcomes of the president’s reforms in infrastructure, agriculture, security, healthcare, education, creative and digital economy, among others in 2025.”

He also commended Nigerians for their patience, acknowledging the hardships caused by the removal of the petrol subsidy and the unification of the naira exchange rate.

Oyintiloye advised Nigerians to continue supporting Tinubu’s administration to ensure the success of its efforts to drive economic prosperity.