Kingsley Ohens reporting
The Managing Director of the Edo State Transport Authority (ESTA), Hon. Henshaw Oligbi, has commended the administration of President Bola Ahmed Tinubu following the announcement that Nigeria recorded another trade surplus in the first quarter of 2026, describing the development as a clear indication that the President’s economic reforms are yielding positive and measurable results.
Hon. Oligbi noted that the sustained trade surplus reflects growing investor confidence, increased export performance, improved fiscal management, and the gradual stabilization of the nation’s economy under the Renewed Hope Agenda of the Tinubu administration.
He further highlighted the significant achievement of Nigeria’s foreign reserves surpassing the $50 billion mark for the first time since 2009, describing it as a major economic milestone that underscores the effectiveness of ongoing fiscal and monetary reforms. According to him, the growth in external reserves enhances the nation’s ability to meet international obligations, strengthens investor confidence, supports exchange rate stability, and provides a stronger buffer against global economic uncertainties.
“The latest trade figures, coupled with the remarkable increase in Nigeria’s foreign reserves to over $50 billion for the first time in more than sixteen years, provide compelling evidence that the difficult but necessary economic reforms introduced by President Bola Ahmed Tinubu are beginning to produce tangible outcomes. These achievements demonstrate improving economic fundamentals and position Nigeria on a stronger path toward sustainable growth and prosperity,” he stated.
The ESTA Managing Director further applauded the Federal Government’s commitment to economic diversification, infrastructure development, investment promotion, and policies aimed at strengthening Nigeria’s position in regional and global trade.
Hon. Oligbi emphasized that while economic transformation is a gradual process, recent indicators suggest that the nation is moving in the right direction under the leadership of President Tinubu.
He also commended the Governor of Edo State, Distinguished Senator Monday Okpebholo, for his visionary leadership and developmental strides across critical sectors of the state economy.
According to him, Governor Okpebholo’s administration has continued to demonstrate a strong commitment to infrastructure renewal, economic empowerment, transportation development, youth engagement, and the overall welfare of Edo people.
“Governor Monday Okpebholo has shown remarkable dedication to the development of Edo State. His people-oriented policies and commitment to good governance are laying the foundation for sustainable growth and prosperity. The visible progress being recorded across various sectors is a testament to purposeful leadership,” Oligbi said.
He therefore called on the people of Edo State to continue supporting Governor Okpebholo and the All Progressives Congress (APC), stressing that sustained public support remains essential for the successful implementation of policies and programmes aimed at improving the living standards of citizens.
Hon. Oligbi expressed confidence that with continued collaboration between the Federal Government under President Bola Ahmed Tinubu and the Edo State Government under Governor Monday Okpebholo, Nigeria and Edo State would witness greater economic advancement, infrastructural development, and shared prosperity in the years ahead.
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