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Reforms necessary for sustainable economic growth – Omo-Agege

Kelvin Ohoror by Kelvin Ohoror
January 1, 2025
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Reading Time: 2 mins read
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President Tinubu’s economic reforms are designed to address decades of economic mismanagement and put Nigeria on a path to sustainable growth.

Former Deputy Senate President, Senator Ovie Omo-Agege made the assertion in his Christmas/New year message to the nation.

He expressed optimism about the future of the country, stressing that the reforms although challenging, are a necessary step towards a more prosperous future.

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Acknowledging that the reforms by Tinubu have caused hardship for many Nigerians, particularly with the removal of fuel subsidies and the unification of the naira’s multiple exchange rates, Omo-Agege, asserted that the reforms are crucial for transitioning the nation’s economy from import-dependent to self-sufficiency, productive, and job-creating.

Achieving this ambitious long-term goals, he stated require patience and perseverance, even as the nation is already witnessing positive gains, including improved growth rates, reduced imports, increased exports, higher incomes for farmers, and increased federal allocation to state and local governments.

“These gains demonstrate that the reforms are yielding positive results, and with continued patience and perseverance, Nigeria can overcome current challenges and emerge stronger, more resilient, and more prosperous.

“Looking ahead to 2025, I urge you to rally behind President Tinubu’s administration as they steer Nigeria through a critical economic restructuring process. Let’s remain optimistic and supportive as Nigeria navigates this critical phase of economic transformation,” he added.

Omo-Agege observed that Delta State has continued to face challenges, ranging from insecurity, poor infrastructure, inadequate healthcare services, a struggling economy, and underpaid workers.

Read also: A’Ibom Gov signs ₦955bn 2025 budget into law

“The failure of Governor Sheriff Oborevwori’s administration to effectively utilize the over N900 billion revenue to cushion the inevitable pains of economic reforms is unacceptable. Many communities are left in dire need due to the lack of transparency and accountability in fund allocation.

“Despite its huge potential, agriculture has been neglected, unlike in many other states. This sector is crucial for providing food, creating jobs, and stimulating economic growth.

“In fact, agriculture contributes significantly to the global economy, providing employment, raw materials, and economic development opportunities.

“Through prioritizing agriculture, Delta State can unlock its economic potentials, reduce poverty, and improve the livelihoods of its citizens. This misalignment between the governor’s priorities and the people’s needs must be addressed to ensure a brighter future for Delta State,” he added.

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