The senator representing Ondo South, Jimoh Ibrahim, has called on multilateral financial institutions to acknowledge the positive turnaround in Nigeria’s economy following a series of far-reaching reforms introduced by President Bola Ahmed Tinubu’s administration.
Speaking with journalists in Abuja on Wednesday, Senator Ibrahim said recent economic indicators and investment inflows were clear evidence that the Nigerian economy was stabilizing and showing renewed promise after years of challenges.
He noted that reforms in the foreign exchange market, fiscal policy alignment, and subsidy removal—though initially painful—had begun yielding measurable results that were restoring investor confidence and improving the nation’s macroeconomic outlook.
“The Nigerian economy has turned the corner,” Ibrahim declared. “President Tinubu’s economic reforms are working, and it is time for global financial bodies such as the IMF, World Bank, and AfDB to acknowledge this reality and extend more confidence-based support to Nigeria.”
He emphasized that the Tinubu administration had taken bold steps to reposition the economy on a sustainable growth path, adding that structural changes in taxation, energy pricing, and monetary policy were already attracting foreign investors and revitalizing local industries.
The senator, who is also an economist and business mogul, urged Nigerians to remain patient, assuring that the benefits of the current reforms would become more visible in the coming months as inflation eases and productivity rises.
“Every major economy in the world passed through difficult reform stages before achieving stability,” he said. “What we are witnessing is the foundation of long-term growth being laid by this government.”
Ibrahim also appealed to development partners to increase technical and financial collaboration with Nigeria to fast-track economic recovery and infrastructure development, stressing that “a stronger Nigerian economy is critical to Africa’s overall progress.”
Observers say the senator’s remarks align with growing optimism among government officials and some international stakeholders who have recently commended Nigeria’s commitment to fiscal discipline and structural adjustment under Tinubu’s leadership.
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