President Bola Ahmed Tinubu has acknowledged the prevailing economic difficulties in Nigeria, describing them as “unintentional hardship” arising from the reforms undertaken by his administration. Speaking during the 48th convocation ceremony of Obafemi Awolowo University (OAU) in Ile-Ife, Osun State, the President, represented by Tope Fasua, Special Adviser on Economy to the Vice President, assured Nigerians of brighter days ahead.
“I do not take pleasure in inflicting pain on Nigerians,” Tinubu stated, emphasizing that the current challenges are a necessary step toward achieving sustainable development. He expressed optimism about the future, adding, “There is light at the end of the tunnel.”
The President highlighted that his government has inherited both the assets and liabilities of past administrations and remains committed to addressing the country’s economic challenges without apportioning blame.
“We have gladly accepted the assets and liabilities of our heroes past without pointing fingers. As we fix, reconfigure, and correct past mistakes, I urge Nigerians to endure this hardship so that, like today’s graduates, we can all celebrate and be celebrated in the future,” Tinubu said.
Education as a Catalyst for Development
The Chancellor of OAU, Etsu Nupe, Alhaji Yahaya Abubakar, emphasized the critical role of education in driving national development. “The backbone of every nation is its investment in education,” he said, underscoring its importance in building a globally competitive society.
Similarly, the Pro-Chancellor, Professor Siyan Oyeweso, charged the 977 graduating postgraduate students to apply their knowledge toward creating a nation filled with opportunities for future generations.
Honorees Recognized
A highlight of the ceremony was the conferment of honorary doctorates on notable individuals, including First Lady Senator Oluremi Tinubu; Dr. Akin Ogunbiyi; Professor Anthony Adegbulugbe; MTN Nigeria CEO Karl Toriola; and Daere Afonya-A Akobo.
These awards recognized their significant contributions to national development and leadership.
President Tinubu’s call for patience and unity reflects his administration’s commitment to navigating Nigeria through its current economic challenges while building a prosperous and equitable future for all citizens.