Senator Ede Dafinone, representing Delta Central Senatorial District, has cautioned that a change in leadership in 2027 could disrupt Nigeria's ongoing economic and institutional reforms. According to Dafinone, a new administration would require considerable time to understand the system, formulate policies, and implement reforms. He made these remarks during an interview on CrownFM over the weekend.
Dafinone emphasized that Nigeria is in the midst of far-reaching economic and institutional reforms and cannot afford the disruption that a new administration could bring. He argued that President Bola Ahmed Tinubu's experience and familiarity with the reform process make him the best person to continue implementing policies initiated after assuming office in May 2023.
The senator highlighted several measures undertaken by the administration, including the removal of petrol subsidy, foreign exchange reforms, changes to local government financing, and the Nigerian Education Loan Fund (NELFUND). He also pointed to the ongoing push for state police as part of the broader institutional reform agenda. Dafinone noted that some of these reforms are already yielding results.
Dafinone acknowledged that households in Nigeria are under severe pressure due to economic hardship but noted that the country's difficulties should be considered in the context of global economic disruptions since the COVID-19 pandemic and subsequent geopolitical conflicts. He emphasized that President Tinubu is working to address these challenges and that the reforms will continue to yield fruit.
The lawmaker argued that improving investor interest in Nigeria is an indication that some of the administration's economic measures are gaining international attention. He stated that foreign investors are increasingly looking at opportunities in the country, which is a positive sign for Nigeria's economic prospects.
Dafinone maintained that continuity rather than another change of direction would give Nigeria a better opportunity to consolidate the reforms already underway. He advised Nigerians to appreciate the current situation and give President Tinubu more time to complete the reforms, warning that changing the team midway would mean starting another learning and policy process all over again.
In conclusion, Dafinone urged Nigerians to support President Tinubu's administration, citing the need for continuity to ensure the success of the ongoing reforms. He emphasized that the President has the experience, skills, and technical understanding required to reform the Nigerian economy and that his efforts will yield positive results in the long run.
Key points
- Senator Ede Dafinone warns that replacing President Bola Ahmed Tinubu's administration in 2027 could set Nigeria back several years.
- Dafinone cites the ongoing economic and institutional reforms as a reason for continuity in leadership.
- The senator highlights the positive impact of some of the administration's economic measures, including improved investor interest in Nigeria.
