Ademola Alalade Reflects on President Tinubu’s Economic Reforms: Progress Made, More Work Ahead
Ademola Alalade, a prominent aspirant for the Ibadan North Federal Constituency, has acknowledged the strides made under President Bola Ahmed Tinubu’s economic reforms while emphasising the need for continued efforts to ensure tangible benefits reach all Nigerians.
In a statement released, Alalade commended the administration’s decisive actions, such as the removal of fuel subsidies and the unification of foreign exchange rates. These measures have contributed to increased government revenues and a reduction in the fiscal deficit, laying the groundwork for a more sustainable economy.
“The reforms have initiated a path toward economic stability,” Alalade noted. “However, the impact on everyday Nigerians, particularly regarding inflation and cost of living, remains a pressing concern.”
Alalade highlighted the administration’s efforts to mitigate these challenges through initiatives like the increase in the national minimum wage to ₦70,000 and the implementation of conditional cash transfer programmes aimed at supporting vulnerable households.
“These interventions are steps in the right direction,” he stated. “Yet, it’s crucial to ensure that such programmes are effectively executed and reach their intended beneficiaries.”
Looking ahead, Alalade urged the government to focus on sectors that directly affect the populace, such as agriculture, education, and healthcare. He also called for enhanced support for small and medium-sized enterprises (SMEs) to stimulate job creation and economic growth.
“Economic reforms should translate into improved living standards for all Nigerians,” Alalade emphasised. “Continuous engagement with stakeholders and transparent implementation of policies will be key to achieving this goal.”
As the nation navigates the complexities of economic transformation, voices like Alalade’s underscore the importance of inclusive growth and the need for policies that resonate with the everyday experiences of Nigerians.
