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Naira Now Stable, Tinubu’s Reforms Yielding Results – Ben Bruce

The former senator representing Bayelsa East Senatorial District, Ben Murray-Bruce, has said that the naira is now stable, an indication that President Bola Ahmed Tinubu’s reforms are yielding results.

Bruce attributed Tinubu’s success to his background in economics and finance, a necessary requirement that has been absent in leaders before him.

“President Tinubu understands issues. He is the first president we have had with a finance background. He understand economics, the problems we have had in the past, leaders who did not understand the budget and the economics and how to run a country.

“As soon as he got in the office, the two things he did on the spot, shook everybody up, deregulated and floated the currency. It is painful, but necessary. All the candidates said they will do it. But he did it on day one. We have a stable currency today. It is expensive, but stable,” he stated.

Bruce added that these policies especially fuel subsidy removal and deregulation of naira are painful but will in the long-run create an environment for production which will eventually free Nigeria.

His words, “We are deregulated, and prices of oil will come down, and these economic measures will create the environment for production to go up. Now he needs to focus on productivity. Production leads to freedom. We must produce to be free. And his motto is production, production and less consumption. And if we focus on that, Nigeria will be free.

“But the point is, we have to go through this painful period to get it right. So President Tinubu has done a good job, and he is getting it right. It is going to be painful, but he isgoing to get it right.”