Abia Gov, Otti backs Tinubu’s economic reforms

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Alex Otti, the governor of Abia State, has supported the economic reforms proposed by President Bola Tinubu.

The governor added, nevertheless, that it is too soon to evaluate Tinubu’s administration’s effectiveness.

He said this in an interview with Rufai Oseni, a journalist for Arise TV. The interview clip was uploaded to X.

Otti, the sole governor on the Labour Party’s platform, supported the Naira’s floating and the elimination of gasoline subsidies.

“This is one question I will not be able to answer,” Otti said in response to a query on President Tinubu’s economic performance.

Oseni inquired as to why.

Otti said, “Because I have access to him, and I can always discuss with him. Today, it’s just 23 months into the administration; it’s still early days.

“Did the economy start sinking today?

“Subsidy removal was long overdue. What was happening was that big men like you and I were the ones enjoying fuel subsidies. Even the Naira floating, I have spoken about it. It is just that the two policies happened at the same time.

“Over time, I believe that this economy will rebound if the current economic reforms are kept.

“Are you surprised that inflation is 24 percent? What is an interest rate? Inflation goes with interest rates. They will keep chasing themselves no matter how much you rebase.

“It is very unfortunate, but some of the sacrifices must be made. If you don’t today, you will tomorrow, or the economy will go up in flames. One of the problems with FX is because we are not producing and exporting much other than crude oil.

“What we are doing is creating an environment where productivity will happen.”

His comments were made in March 2025, when Nigeria’s interest rate was 27.50 percent and its inflation rate was 24.23 percent.

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