Abia State Governor, Dr. Alex Otti, has stated that it is premature to assess the economic performance of President Bola Tinubu’s administration, which is less than two years into its tenure.
Speaking in an interview with Arise Television, Governor Otti avoided direct criticism of the federal government, citing his ability to engage the President privately.
“This is one question I may not be able to answer, I have access to him and can always engage in direct conversations. It’s just 23 months into the administration it’s still early days.” Otti remarked when asked about the economy.
Governor Otti also refrained from commenting on the political tensions in Rivers State, including calls for a state of emergency, stating that it would be inappropriate for him to interfere in matters concerning another state or federal decision-making.
However, on economic reforms, Governor Otti offered clear support for the removal of fuel subsidies and the floating of the naira. According to him, the subsidy system was corrupt and unsustainable.
“Subsidy removal was long overdue. It was a scam we needed to move in a different direction,” he said.
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Regarding the floating of the naira, the governor admitted the timing was tough but stressed that it was necessary for long-term economic health.
“Implementing both reforms simultaneously may have been difficult, but with consistency, the economy will stabilize,” he asserted.
Addressing Nigeria’s soaring inflation rate currently around 24% Otti acknowledged the hardship many Nigerians face. He warned that unless the country reduces its dependency on imports, inflation would persist.
“We import everything from toothpicks to bottled water. That creates pressure on our foreign reserves,” he noted.
While recognizing the pain of current economic realities, Otti stressed the need for sacrifices today to avoid deeper crises in the future.
“Saying ‘it’s unfortunate’ doesn’t put food on the table, but complaining without action won’t help either. We must build a productive economy that values local manufacturing and reduces import dependence.”
Governor Otti’s remarks underline his broader economic philosophy: bold reforms, fiscal discipline, and a focus on long-term growth—even amid short-term challenges.
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