ILE-IFE, OSUN STATE — The Ooni of Ile-Ife, Oba Adeyeye Enitan Ogunwusi, has declared that President Bola Ahmed Tinubu intends to eradicate poverty in Nigeria by revitalizing the nation’s micro-economy through targeted social interventions and structured consumer credit programs.
Speaking at his palace on Tuesday, September 1, 2026, during the rollout of the National Mobility Programme of the Nigerian Consumer Credit Corporation (CREDICORP), the monarch expressed confidence that ongoing economic policies will improve living standards across ordinary households.
Key Points from the Ooni’s Address
-
Focus on the Micro-Economy: Oba Ogunwusi revealed that during private conversations at the State House, President Tinubu emphasized that macroeconomic growth—such as foreign exchange stability and capital market expansion—must translate into tangible relief at the household level.
-
Democratic Access to Credit: The monarch highlighted CREDICORP’s vehicle and asset mobility schemes as critical tools for poverty reduction, allowing working-class citizens to acquire productive assets through structured repayments rather than upfront cash outlays.
-
Positive Macro Indicators: The Ooni cited major milestones achieved under the administration, including foreign reserves surging past $53 billion and the Nigerian capital market capitalization crossing ₦150 trillion.
-
Direct Community Impact: The event saw 100 Ile-Ife residents receive locally assembled vehicle credit allocations under CREDICORP’s nationwide empowerment initiative.
“I was privileged to sit with Mr. President in the Villa, and he got so engrossed talking about it. He is so passionate about getting things right for the country. If the micro-economy is right, then Nigeria is a better nation. The intention of President Tinubu is to put an end to poverty among Nigerians.”
— Oba Adeyeye Enitan Ogunwusi, Ooni of Ile-Ife
