From Laide Raheem, Abeokuta
Senator Solomon Adeola, representing Ogun West at the National Assembly, has credited President Bola Tinubu with preventing Nigeria’s economic collapse through the removal of fuel subsidies and the floating of the naira.
Adeola, who chairs the Senate Committee on Appropriations, claimed that the previous administration borrowed heavily to fund subsidies and stabilise the naira, pushing the economy to the brink.
Speaking on Saturday at the 2nd Town Hall Meeting, Mega Empowerment, and Thank You Tour in Ayetoro, Yewa North Local Government Area, Ogun State, Adeola alleged that the immediate past administration borrowed trillions of naira to pay fuel subsidies, benefiting less than 1% of Nigerians.
He further claimed that $400 billion was borrowed to prop up the naira against the dollar, a policy he said nearly crippled the economy.
Adeola praised Tinubu’s bold reforms as essential for reviving Nigeria’s economy and securing the future for generations. He urged citizens to remain patient, noting that these policies are already yielding positive results.
The senator also highlighted his empowerment programme, designed to reward Yewa North constituents for their support in the 2023 elections. Similar events were held in Imeko-Afon on Friday and are planned for Yewa South, Ipokia, and Ado-Odo/Ota.
Moreover, Adeola outlined his achievements, leveraging his role to facilitate projects in Ogun West, including roads, power transformers, solar lights, ICT centres, primary healthcare centres, modern markets, and police stations.
He announced scholarships and bursaries of N200,000 and N100,000, respectively, for 3,000 students across Ogun West’s six local government areas.
Adeola thanked Ogun State Governor Dapo Abiodun for supporting his initiatives, particularly the empowerment programmes.
Earlier, Dr Iziaq Kunle Salako, Minister of State for Health and Social Welfare, commended Adeola for delivering democratic dividends to Ogun West.