By Our Correspondent
As Nigeria navigates its economic future under President Bola Ahmed Tinubu, Industry Expert, Dr. Olalekan Ajisafe, Chief Executive Officer of Post Assurance Brokers, has expressed confidence in the administration’s bold reforms, describing them as a solid foundation for national prosperity.
In an exclusive interview, Dr. Ajisafe highlighted key policy moves reshaping Nigeria’s business landscape, including the removal of petroleum subsidies, exchange rate restructuring, and tax reforms.
According to him, these measures have unlocked critical funding for infrastructure projects like the Lagos-Calabar Highway and rail developments, positioning the economy for sustainable growth.
“The petroleum subsidy removal alone has redirected enormous funds to development.
“We’ve also seen increased investor confidence, with Nigeria’s equity market recording its highest-ever returns. These are indicators that Tinubu’s policies are yielding results,” he noted.
Despite concerns over the nation’s debt profile, Ajisafe emphasized that borrowing, if well-managed, remains a tool for development, citing global economic giants like the U.S. and China.
He stressed the need for fiscal discipline, urging oversight bodies to ensure borrowed funds are properly utilized.
On security, he pointed to a marked improvement in national stability, citing a surge in international travel to Nigeria during the holiday season as a sign of renewed confidence in the country.
“For the first time in years, we didn’t start the year with grim headlines of bomb blasts or major security crises,” he remarked.
Addressing Nigeria’s long-standing manufacturing and power challenges, Ajisafe maintained that while stable electricity is crucial, other factors such as access to funding, technology adoption, and government incentives are equally critical to reviving the sector.
“The key is deliberate policy intervention. We need structured programs for agriculture, manufacturing, and SMEs, just like NELFUND in education.
“A dedicated strategy will drive productivity and food security,” he said.
Ajisafe also lauded the resilience of Nigeria’s insurance sector, which he said has recorded consistent annual growth, attributing this to improved public trust and regulatory oversight.
Looking ahead to 2025, the business leader remained optimistic, asserting that Tinubu’s economic blueprint, if sustained, will yield long-term dividends.
“This is the best time to invest in Nigeria. The foundation is being laid, and the future looks promising,” he concluded.
