Former local government chairmen have expressed optimism that President Bola Tinubu's economic reforms will elevate Nigeria from recession to prosperity. These reforms, particularly in the oil sector, are anticipated to revolutionize the nation's economy.

President Tinubu has emphasized that the financial re-engineering undertaken by his administration aims to deliver a robust economy and abundant opportunities for Nigerians. He acknowledges the challenges posed by these reforms but assures that they are designed to stabilize and grow the economy.

Prominent figures in the private sector, such as Abdul Samad Rabiu, founder and chairman of BUA Group, have also voiced strong confidence in the administration's economic policies. Rabiu acknowledges the initial challenges but highlights visible improvements and the potential for greater stability as a result of these reforms.

Finance Minister Wale Edun has outlined the government's strategy to double Nigeria's economic growth within the next one to two years. This plan focuses on encouraging private investment to create jobs, reduce reliance on borrowing, and address issues such as sluggish growth, high inflation, and significant debt.

While these reforms may present short-term challenges, they are designed to foster long-term economic stability and prosperity for Nigeria.