₦airaland Forum

Professor Iyabo Obasanjo, the daughter of the former President Olusegun Obasanjo, has said that the prevailing stabilization of the Naira against the dollar is a plus for President Bola Ahmed Tinubu’s administration and something commendable.

Obasanjo, who described the phenomenon of “stabilisation of the Naira is a big one,” noted that the predictability in the exchange rate is crucial for business growth and economic prosperity.

The former Senator for Ogun Central who recently declared her ambition to contest the 2027 governorship seat of the state, made this known on Saturday while speaking with journalists at Olusegun Obasanjo Presidential Library (OOPL), Abeokuta, the state capital.

She lauded the Lagos-Calabar Coastal Road project of President Bola Tinubu for its potential to decongest the Ogun State corridor of the Lagos-Ibadan Expressway, ease transportation to the Eastern states, links Calabar and Lagos ports together and boost business along the corridor.

“I think there is a lot going on positively. One is the stabilisation of the Naira. “What that does is that people can predict how much money they will spend on imports and how much income they will get. So stabilisation of the Naira is a big one.

“Although there was a lot of negativity around the road to Calabar, that will generate income in terms of ports. They will connect the two ports now to the other one. It will also ease transportation to the East in ways that we can’t even start to reckon with.

” So, I think that the economic stability cannot be underestimated because when people can predict income and exports, they do it, things get better because then you are not buying something at one price because of the dollar instability, and having to sell, buying it at a higher price, and then it changes everything.

“There are also some improvements in security, mainly because now we have a lot of collaboration going on. The international collaboration, the President’s visit to different countries for trade and economic development, is rising. And that is the key to everything we do. I think that does.”

blamingthedevil:
Stabilisation of naira big plus for Tinubu's administration -- Obasanjo


https://thenationonlineng.net/stabilisation-of-naira-big-plus-for-tinubus-administration-obasanjo/

Mattswaggz:
When I first read the topic I thought I saw "Osinbajo"....... .

By the way, this one way the guys just go low wetin happen?.

huptin:
It was Iyabo, not Olusegun Obasanjo

donleo92:
Tinubu did stabilize the economy!!!

That alone I will give it to him, I remember when rice was like gold and he came and brought the price down.

I remembered when naira was on a free fall, but atleast now it's better than before.

So to me he has tried, just that in the area of security we need more input.

MaziObinnaokija:
Thank ma.NEXT OGUN STATE GOVERNOR .


That SENATOR YAYI should FREE her

mascot87:
If you can't beat them, you join them. Tinubu will chock una with doings to the extent that you have no choice as an enemy or even a wîťčh to align with him. Na why him papa ask her to join APC be that.

Adblg0610:
Regardless, a statement like this coming from even a dog in Obasanjo’s household is very significant.
However, it’s true that rising reserves, a steadier exchange rate, and lower inflation boost confidence in the naira and protect purchasing power.
Strong capital inflows, improved trade balances, and sound, predictable policies further support a stable and balanced foreign exchange market.

WizardOfNG:
These sort of commendable achievements are the reasons the children of OBJ, Atiku, El Rufai etal are fiemly behind Tinubu and looking to be mentored by him.

Only a fool and loser hate those God has blessed

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/

anonimi:
How can God bless a clueless, balablu rogue

reddingtonblack:
Choke us when ... Election is less than 10months away

when you ask All the sycophant nd stomach infrastructure praising Tinubu to the high heaven to mention key move Tinubu took recently that gave naira strength

The olodos can only muffle back .." reform "

For Naira to gain True strength .. Our production scale must have soar high, we import less and we export more to the world .. Which one has happened yeye people

The recent gain of the naira came as a result of fall in dollar on market scale .. check bitcoin, check forex traders dollar is under performing got nothing to do with Tinubu nunsesnse

under the same Tinubu did $1 not come to #1100 b4 it rose to 1500 ..iyabo ojo is just asslicking for her ambition

Adblg0610:
Regardless, a statement like this coming from even a dog in Obasanjo’s household is very significant.
However, it’s true that rising reserves, a steadier exchange rate, and lower inflation boost confidence in the naira and protect purchasing power.
Strong capital inflows, improved trade balances, and sound, predictable policies further support a stable and balanced foreign exchange market.

zionstaar75:
cry harder, u still have 5 more years of crying

lightwind:
You came in, scattered the naira only you.

Only you is trying to stabilize the same naira you scattered and some people are hailing you.

The same naira that all of us are collectively enjoying before apc came to power.

No be witch be that Nigerians ?☺️☺️😑

$