Rep Isiaka Hails Tinubu’s Economic Reforms, Supports Second Term Bid

Rep Isiaka Hails Tinubu’s Economic Reforms, Supports Second Term Bid

 The member representing Yewa North/Imeko Afon Federal Constituency at the House of Representatives, Prince Gboyega Nasir Isiaka (GNI), has thrown his weight behind President Bola Ahmed Tinubu’s economic reform agenda while expressing strong support for his second term bid.

Speaking at a media parley with members of the Nigeria Union of Journalists (NUJ), Ogun State Council, in Abeokuta on Sunday, Hon. Isiaka described Tinubu’s leadership as “bold and courageous,” emphasising how the President chose necessary long-term solutions over politically expedient short-term measures.

Isiaka, who is the Chairman, House Committee on National Planning and Economic Development praised the President’s Renewed Hope Agenda, declaring that it has created the enabling policy framework for meaningful reforms across Nigeria.

The federal lawmaker highlighted remarkable improvements in key economic indicators since Tinubu assumed office, noting that foreign exchange reserves have surged from $32.9 billion at the end of 2023 to over $38.448 billion as of June 2025.

According to Isiaka, the President’s exchange rate unification policy has delivered stability and predictability that enhances economic planning while encouraging greater direct investment flows into the economy.

The APC Chieftain emphasised that the federal fiscal deficit has narrowed significantly under Tinubu’s administration, signaling stronger financial discipline and improved economic management.

He particularly commended the recently passed Tax Reform Bill, describing it as “a major step forward” in optimizing revenue collection, reducing leakages, and enabling more sustainable investments in infrastructure and social services.

Isiaka revealed that inflation, which had previously risen to alarming levels, has begun going downward following the Central Bank’s monetary policy interventions, creating fiscal space for a more balanced and productive economy.

The lawmaker disclosed that he led advocacy efforts in May 2025 against further increases in the Monetary Policy Rate by the Central Bank of Nigeria, cautioning against policy frameworks that could stifle productivity and inflate credit costs for small and medium enterprises.

Speaking on economic growth projections, Isiaka expressed optimism that GDP would expand by an average of 3.5 per cent through 2026, attributing this positive outlook to the administration’s reform-driven approach.

He said, “Though there are still challenges, there is a sense of cautious optimism in the air. The reforms, while demanding, are laying the groundwork for long-term stability and shared prosperity.

“Where would we have been without these bold decisions? Instead of taking the easy path that offers short-term gain with long-term pain, the President has chosen a courageous and necessary leap and we commend him for that.”

The House Committee Chairman acknowledged that all reforms have taken place “within a socio-economic environment that, while having its challenges, has shown steady signs of improvement driven by the bold leadership of President Bola Ahmed Tinubu.”

Isiaka expressed confidence that Tinubu’s leadership has inspired growing belief that Nigeria is “turning a corner,” describing the current trajectory as evidence of the President’s strategic vision for national development.

The federal lawmaker revealed how the administration’s policies have facilitated grassroots development in his constituency, including partnerships between government agencies and private investors that have created thousands of employment opportunities.

He disclosed that he brokered a partnership between the Ogun State Ministry of Agriculture and the Lee Group, leading to the launch of a comprehensive pilot scheme covering 50 hectares for rice cultivation in Eggua, with plans for cotton farming in Iwoye-Ketu.

While acknowledging ongoing challenges, Isiaka maintained that the President’s decision to pursue difficult reforms rather than populist measures demonstrates the kind of leadership Nigeria requires for sustainable development.

The lawmaker’s endorsement comes amid growing speculation about the 2027 presidential election, with political observers noting increasing support for Tinubu’s potential second term bid from key stakeholders across the country.

Isiaka also expressed alignment with the President’s vision, stating that “as a constituency, we align with this vision, believing that the sacrifices of today will secure a better future for Nigerians, sooner or later.”

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