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Tinubu’s Economic Reforms: ‘The Patient Is Healing’ – Oshiomhole

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The Former Edo State Governor, Senator Adams Oshiomhole, has expressed strong support for President Bola Tinubu’s economic reforms, asserting that despite the hardship currently experienced by Nigerians that the administration is on the right path to recovery.

Speaking on Channels Television’s Politics Today monitored by theolumn.ng on Tuesday,  the lawmaker acknowledged the growing public discontent over the rising cost of living and the closure of businesses since the removal of fuel subsidy in 2023, but urged Nigerians to be patient and maintain trust in the reforms.

“There is no question that there are huge challenges. But if you look at the balance sheet that this president inherited — massive liabilities arising from the very reckless misuse of ways and means — you’d understand why these steps were necessary,” he said.

Describing the economic recovery process as akin to a medical operation, he noted:

“It’s a work in progress. The surgeon has gone to carry out the surgery. He understands that there is a level of pain — there has to be pain. But the good news is that the patient is healing. Maybe he could heal faster, but there can be no question that the patient is healing.”

He pointed to the exchange rate unification as a painful but critical decision to align supply with demand, warning that failure to do so could have plunged the country into a Zimbabwe-like economic collapse.

“The consequential increase in cost of living was predictable. But if that was not done, Nigeria was on its way to Zimbabwe,” Oshiomhole stated.

According to him, President Tinubu deliberately chose to make all the difficult but necessary decisions in his first term to pave the way for long-term recovery.

“He took the right decision by insisting that in the first term, he would take all the tough decisions — prayerfully — so that as we move on, the situation improves,” he said.

‘No Quick Fix, Inherited Challenges’

Oshiomhole dismissed the idea of quick fixes, noting that meaningful governance requires time and a deep understanding of inherited challenges.

“There is no magic to governance. I don’t think any Nigerian who understands the macroeconomic environment that was inherited by this government would expect that, in 24 months, everything would be fixed,” he said.

“Truly, this economy was badly mismanaged. This is not to blame anyone, but to speak to fact. I can say the worst is over, and we are going to begin to witness improvements in standard of living.”

Drawing from his own experience as a former state governor, he noted that every leader needs time to assess the depth of challenges and determine what should take priority.

“As a governor, it took me time to have a holistic view of the challenges I inherited and to decide, in terms of priority, what to do first.”

He concluded by acknowledging the current hardship in communities but maintained a cautiously optimistic outlook:

“As a Nigerian, I live in the community and among the people. I can say that there is a level of hardship, but things are improving.”

The former Edo State governor said if a presidential election were held today, Tinubu would still win, given his bold and necessary decisions to reposition Nigeria’s economy.

“Given where we are today in the economy, Tinubu will still win the presidential election,” Oshiomhole declared.

He praised the President for eliminating what he described as an exploitative foreign exchange regime that previously benefited only a privileged few.

“Tinubu abolished the ‘benefit of exchange rate’ transfer to bureau de change. Today, what he gets in exchange rate is what I get. Eliminating that free rate — which was available to a few people connected with the CBN management — took courage,”he explained.

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Israel Says It had Struck Two Naval Missile Production Sites In Tehran

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The Israeli military announced on Wednesday it had struck two naval cruise missile production facilities operating under Iran’s ministry of defence in Tehran.

 

“In recent days, the Israeli air force acting on IDF intelligence struck two key naval cruise missile production sites in Tehran,” the military said.

It said the facilities were used to “develop and manufacture long-range naval cruise missiles, which are capable of rapidly destroying targets at sea and on land”.

The strikes “represent another step in deepening the damage done to the regime’s military production infrastructure”, the military added.

Last week, the military announced its fighter jets had struck several Iranian naval ships in the Caspian Sea, including vessels equipped with anti-submarine missiles.

 

 

 

 

AFP

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2025 ‘Deadliest Year’ Yet For Red Sea Migrants, UN Reports 922 Deaths

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The number of migrants who died on the “Eastern Route” from the Horn of Africa to the Arabian Peninsula doubled to a record high of 922 last year, the UN migration agency said Wednesday.

Tens of thousands of migrants from Ethiopia, Somalia and neighbouring countries take the route across the Red Sea each year, mostly from Djibouti to Yemen, in search of work as labourers or domestic workers in wealthy Gulf countries.

“2025 was the deadliest year ever recorded on the Eastern migration route… with 922 people dead or missing — double the number from the previous year,” Tanja Pacifico, head of mission for the International Organisation for Migration (IOM) in Djibouti, told AFP.

The majority of victims were from Ethiopia, the second most-populous country in Africa with more than 130 million people. It is plagued by multiple internal conflicts and deep poverty.

“IOM remains fully committed to working alongside the government of Djibouti to promote safe and dignified migration pathways, in order to prevent further tragedies,” said Pacifico.

Many migrants who cross the Red Sea find themselves stuck in Yemen, the poorest country on the Arabian Peninsula, which has been embroiled in a civil war for nearly a decade, and some even choose to return.

Rapid economic growth in Ethiopia — estimated to reach around 10 percent in 2026 — could encourage less migration, IOM says, but that is mitigated by high inflation, also around 10 percent in February.

 

AFP

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Denmark Faces Lengthy Negotiations To Form A Government

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Election workers recount ballots in the Marselisborg Hallen in Aarhus, Denmark on March 25, 2026. (Photo by Mikkel Berg Pedersen / Ritzau Scanpix / AFP) /
Election workers recount ballots in the Marselisborg Hallen in Aarhus, Denmark on March 25, 2026. (Photo by Mikkel Berg Pedersen / Ritzau Scanpix / AFP) /

Denmark’s political parties began the thorny process of forming a government Wednesday, with the centrist Moderates as kingmaker after the prime minister’s Social Democrats scraped through a general election without a majority.

Greenland’s Inuit Ataqatigiit party member Naaja Nathanielsen (C) looks on in a polling station in Nuuk, on March 24, 2026, during the parliamentary election in Denmark (Photo by Oscar Scott Carl / Ritzau Scanpix / AFP) / Denmark OUT

Danes were braced for a weeks-long process as Prime Minister Mette Frederiksen seeks to consolidate power in the deeply splintered parliament after Tuesday’s snap vote.

Denmark’s Prime Minister Mette Frederiksen arrives at Amalienborg Palace in Copenhagen to inform the king about the election result one day after the parliamentary election on March 25, 2026. (Photo by Martin Sylvest / Ritzau Scanpix / AFP) 

A left-wing bloc made up of five parties, including Frederiksen’s Social Democrats, won 84 seats; the right-wing and far-right claimed 77; and the Moderates won 14 in the election.

The Social Democrats posted their worst election score since 1903—though they remained Denmark’s largest single party, with 38 seats in the 179-seat parliament.

Chairwoman of the Social Democrats Mette Frederiksen attends a party leader debate hosted by Publicists’ Club one the day after the parliamentary election at the Confederation of Danish Industry’s building in Copenhagen on March 25, 2026. (Photo by Liselotte Sabroe / Ritzau Scanpix / AFP)

 

 

Frederiksen formally tendered her coalition government’s resignation to King Frederik on Wednesday, telling a televised party leader debate she wanted to try to form a centre-left government.

“The most realistic scenario” would be a coalition with the five parties on the left and the centre-right Moderates, she said.

But it is not certain the Moderates, led by Foreign Minister Lars Lokke Rasmussen, would agree to that.

“I don’t believe that Denmark needs policies aligned with” the leftist Red-Green Alliance, Lokke said.

Chairman of the Moderates Lars Loekke Rasmussen attends a party leader debate at the Confederation of Danish Industry’s building in Copenhagen on March 25, 2026, the day after the parliamentary election. (Photo by Liselotte Sabroe / Ritzau Scanpix / AFP) / Denmark OUT

King Frederik was to meet party leaders individually later Wednesday to determine who should be asked to try to form the next government.

“My expectation is that Mette Frederiksen will become prime minister,” University of Copenhagen political science professor Rune Stubager told reporters.

“But I don’t know with the backing of which parties, like the left wing or the right wing,” he said.

He noted that Lokke, a two-time former prime minister, would likely vie for the position of prime minister, even though he has adamantly denied any interest in the job.

“Danes want me and not another prime minister. I still have the backing to be able to continue on behalf of the Danish people,” Frederiksen insisted during the debate.

Frederiksen has for the past four years headed an unprecedented left-right coalition made up of her Social Democrats, the Moderates and the Liberals.

The Liberals have refused to continue in a Social Democrat-led government.

‘Too Hard To Say’

Danes are now prepared for long negotiations. After the 2022 election, the talks lasted six weeks.

“It’s a long process, which means the government won’t be formed and it will be quite difficult to pass laws during this period,” lamented Jesper Dyrfjeld Christensen, a 54-year-old engineer.

“It’s really too hard to say who will be part of the coalition,” admitted Stubager.

With 12 parties in parliament, the political landscape is jagged — though Denmark is accustomed to minority governments.

“To some extent, this is the way Danish politics works. You have a minority government in the centre which forms a majority with the left on some issues and with the right on others,” he explained.

The negotiations are expected to focus on economic and pension issues, pollution and immigration, he said.

The traditional far-right party, the Danish People’s Party, which has heavily influenced policy since the late 1990s but slumped in the 2022 election, more than tripled its result to 9.1 per cent of votes.

The three anti-immigration groups together garnered 17 per cent, a stable figure for Denmark’s populist right over the past two decades.

“If negotiations take place in the left-wing bloc with the moderates, then there will be more focus on green issues than on immigration,” Stubager said.

“But if, instead, the Moderates negotiate with the parties on the right, then the central issue will be immigration.”

Four seats in Denmark’s parliament are held by its two autonomous territories — two for Greenland and two for the Faroe Islands.

While the Faroese renewed the mandates of the two outgoing lawmakers, with one for each bloc, Greenland overwhelmingly backed the left-wing party and Naleraq, which advocates rapid independence from Denmark.

 

 

 

 

 

AFP

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