President Bola Ahmed Tinubu has re-assured Nigerians that the current economic hardship will soon give way to prosperity and growth.
President Tinubu was speaking on Thursday during the coronation of a former Oyo State governor, Rashidi Ladoja, as the 44th Olubadan of Ibadanland.
“Today I am honoured and very proud to give you cheering news that the economy has turned the corner"
“There is a bright light at the end of the tunnel. Your suffering is a pain, a pain of a painful surgery, but it has now returned to the moment of growth, and prosperity is awaiting us ahead,” Tinubu said.
He thanked the people of Ibadan for their support during the 2023 presidential election and praised their resilience during ongoing reforms.
Since assuming office in May 2023, Tinubu has introduced sweeping economic reforms including the removal of the fuel subsidy which aimed at stabilising the economy but the measures have triggered a hike in the cost of living drawing strong criticism from the opposition who said it has worsen situation for average Nigerians
The President’s convoy arrived in Ibadan at about 2:25 p.m. on Friday, accompanied by Governors Lucky Aiyedatiwa of Ondo, Biodun Oyebanji of Ekiti, and Ademola Adeleke of Osun.
Tinubu was received by Governor Seyi Makinde before proceeding to Mapo Hall for the historic coronation.
President Tinubu expressed excitement for being part of the historic coronation of the former governor, Rasheed Ladoja as 44th Olubadan of Ibadanland.
“Today is an exciting day. It’s a great honour for me as President of the Federal Republic of Nigeria to witness your coronation and history.
“All the things you started, the deliberations, and the history we shared together for this country make this a special moment.”
He prayed for Oba Ladoja’s long life and reign, describing him as “a rare gem of history” destined to be celebrated among Nigeria’s revered monarchs.
The President also acknowledged the presence of dignitaries, including former governors Donald Duke, Olagunsoye Oyinlola, and Ibikunle Amosun, as well as New Nigeria Peoples Party (NNPP) chieftain Rabiu Kwankwaso.
Rashidi Ladoja, a former Oyo State governor, officially became the 44th Olubadan of Ibadanland following the death of Oba Owolabi Olakulehin on July 7, 2025.
Ladoja received the crown at the Ose Meji Temple, Ibadan South-East Local Government Area, after first taking the Akoko leaf at the Labosinde Compound, Oja’ba.
At Mapo Hall, Governor Makinde presented him with the staff of office in a colourful ceremony attended by hundreds of residents and dignitaries
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