President Bola Tinubu has reassured Nigerians that the ongoing economic hardship will soon ease, paving the way for growth and prosperity.
Speaking on Thursday at the coronation of former Oyo State Governor, Rashidi Ladoja, as the 44th Olubadan of Ibadanland, Tinubu declared that the nation’s economy has “turned the corner.”
“There is a bright light at the end of the tunnel. The suffering is like the pain of a difficult surgery, but the stage of recovery has arrived. Growth and prosperity now lie ahead,” he said.
The President appreciated Ibadan residents for their support during the 2023 presidential election and lauded their resilience amid economic reforms introduced since he assumed office in May 2023. Among these measures is the removal of the fuel subsidy, which, though aimed at stabilising the economy, has led to soaring fuel costs, rising transportation fares, and escalating food prices. Critics argue the reforms have deepened poverty, while supporters believe they are essential for long-term recovery.
Tinubu arrived in Ibadan around 2:25 p.m. on Friday, accompanied by Governors Lucky Aiyedatiwa (Ondo), Biodun Oyebanji (Ekiti), and Ademola Adeleke (Osun). He was received by Oyo State Governor Seyi Makinde before proceeding to Mapo Hall for the coronation.
In his remarks to the new monarch, Tinubu described the occasion as historic, noting Ladoja’s contributions to the state and the nation.
Rashidi Ladoja ascended the throne following the death of Oba Owolabi Olakulehin on July 7, 2025. He first took traditional rites at Oja’ba before receiving the crown at the Ose Meji Temple. At Mapo Hall, Governor Makinde formally presented him with the staff of office in a colourful ceremony attended by dignitaries and residents.
Royal fathers present included the Alaafin of Oyo, Oba Abimbola Owoade; the Soun of Ogbomoso, Oba Ghandi Ọlaoye; and the Sultan of Sokoto, Muhammadu Sa’ad Abubakar III. Also in attendance were the Chief Imam of Ibadan, top politicians, and other traditional rulers.
The event, heavily secured by the DSS and Nigerian Army, underscored the prestige of the Olubadan throne, one of the most revered in Yorubaland.
