In a resounding endorsement of President Bola Ahmed Tinubu’s reform agenda, the Former Congress for Progressive Change (CPC) Stakeholders Forum has hailed the administration’s economic and institutional overhauls as transformative and effective. The forum, comprising influential figures from the defunct CPC, commended the President’s decisive actions aimed at revitalizing Nigeria’s economy and governance structures.
Speaking at a press briefing in Abuja, the forum’s spokesperson, Alhaji Ibrahim Shehu, emphasized the positive impact of the President’s policies on the nation’s economic trajectory. “President Tinubu’s reforms are not just policies on paper; they are working strategies that are already yielding tangible results,” Shehu stated. He highlighted the removal of the fuel subsidy, a move that previously drained approximately $10 billion annually from the national treasury, as a bold step towards fiscal sustainability. The World Bank has lauded this decision as a significant advancement for Nigeria’s economic health.
The forum also praised the unification of the foreign exchange market, which has led to a more transparent and market-driven exchange rate system. This policy shift has been instrumental in attracting foreign investment and stabilizing the naira. Additionally, the suspension of former Central Bank Governor Godwin Emefiele was seen as a necessary move to restore confidence in the nation’s financial institutions.
Beyond economic reforms, the forum acknowledged the administration’s efforts in enhancing the ease of doing business in Nigeria. The Presidential Enabling Business Environment Council (PEBEC) has implemented numerous initiatives, resulting in Nigeria being recognized twice as a top 20 improver in the World Bank’s Doing Business rankings. These reforms have streamlined processes, reduced bureaucratic bottlenecks, and fostered a more conducive environment for entrepreneurs and investors alike.
In the health sector, the appointment of Professor Muhammad Ali Pate as the Coordinating Minister of Health and Social Welfare has been met with approval. Under his leadership, the National Health Insurance Authority has expanded coverage, reducing out-of-pocket expenses for Nigerians. The disbursement of ₦45.9 billion to 8,800 primary healthcare centers and the rollout of the malaria vaccine (RTSS) underscore the administration’s commitment to improving public health outcomes.
The Former CPC Stakeholders Forum expressed optimism that these reforms, if sustained, would lay a solid foundation for Nigeria’s socio-economic transformation. They called on all Nigerians to support the President’s vision, emphasizing that collective effort is essential for the nation’s progress.
As President Tinubu’s administration continues to implement its reform agenda, the commendation from the Former CPC Stakeholders Forum serves as a testament to the positive strides being made. With continued focus and collaboration, Nigeria stands poised to achieve significant milestones in its journey towards sustainable development.
