The secretary of the Tinubu Support Group (TSG), Ajibola Adetula Oludasa, has stated that President Bola Tinubu is re-engineering Nigeria in order to reposition the country for long-term economic and sustainable growth despite short-term hardships.

While speaking on a TVC’s show, Oludasa stressed that the current administration has focused on correcting long-standing macroeconomic distortions, noting that the benefits would gradually reflect in the daily lives of Nigerians.

According to Oludasa, who is also a leading House of Representatives aspirant for the Owo/Ose federal constituency, many of the economic challenges being experienced are part of a transition phase that typically follows major structural reforms.

Oludasa emphasised that the distinction between macroeconomic stability and microeconomic realities is often misunderstood, stressing that reforms at the top level must first take root before impacting households and markets.

He noted that prior to the reforms, Nigeria operated a fragmented foreign exchange system with multiple rates, which discouraged investment and distorted economic planning.

On the impact of global crises, particularly tensions in the Middle East, Oludasa said Nigeria has demonstrated relative resilience due to strategic policy initiatives such as the naira-for-crude arrangement.

He said, “What this administration has done is to stop painting a sinking building. The building was already sinking, and what we are doing now is reinforcing it. When you are underpinning a structure, there will be dust, and there will be discomfort, but the goal is long-term stability.

“We had a central bank rate, a black market rate, and even a parallel market rate. That is not sustainable for any serious economy. It took bold leadership to say this must change.

“Nigeria is set to grow above the global average, and if you look at market indicators, they reflect confidence. These are not accidents; they are responses to deliberate policy actions.

“This is not cosmetic. It is not about quick fixes. It is about rebalancing the economy for the future. The benefits will come, but they require patience.

“Organisation is key. Governance is not just about ideas; it is about the structures that can implement those ideas. Without that, even the best intentions will fail.”