Senator Olamilekan Adeola, Chairman of the Senate Committee on Appropriations, has credited the economic reform measures implemented by President Bola Tinubu with averting a potential collapse of Nigeria’s economy.

Speaking on Sunday during the 12th Synod of the Anglican Diocese of Yewa at Rev. Fry Memorial Anglican Church in Ishaga Orile, Ogun State, Adeola, otherwise known as Yayi, stated that the country faced a severe threat of economic breakdown two years ago but has been put back on a path to recovery due to what he described as “bold and innovative” policy decisions.

“As it is, the Renewed Hope Agenda of President Tinubu is yielding positive results and has, so far, prevented the economic collapse that threatened the nation two years ago,” Adeola said.

He highlighted several initiatives by the Tinubu administration that he said were critical to stabilising the economy, including the removal of fuel subsidy, floating of the naira exchange rate, implementation of a student loan scheme, introduction of consumer credit, and the enactment of a new minimum wage law.

“These policies have positioned the nation’s economy on the path of steady and sustainable growth,” the senator said.

Adeola, who represents Ogun West Senatorial District, also used the occasion to reflect on local developments in his constituency. He said infrastructural projects and empowerment initiatives delivered under his watch and through the administration of Ogun State Governor Dapo Abiodun have significantly improved socio-economic conditions in Yewaland.

“Since I returned from Lagos State to represent Ogun West, we have initiated numerous intervention projects that are reversing decades of underdevelopment and marginalisation in this region,” he said.

According to Adeola, completed and ongoing projects in Ogun West include road constructions such as the Ilashe-Koko-Alari Road in Ipokia, Imasayi-Ayetoro Road, Ilaro-Owode Road, and the Atan-Lusada-Agbara Road. Other interventions include school and healthcare infrastructure, town halls, ICT centres, and the provision of solar-powered streetlights.

“Our mega empowerment programmes for our constituents also look like the spoils collected by the Israelites after God destroyed their enemies,” Adeola said, referencing 2 Chronicles 20:25, the biblical text from which the synod drew its theme, “The Siege Broken.”

He also praised Governor Abiodun’s role in improving public services across the state, citing investments in education, health, and housing.

Bishop of Yewa Diocese, Rt. Reverend Michael Oluwarohunbi, affirmed that the senator’s intervention projects and empowerment efforts have had a visible impact on the region’s development. He described Adeola’s emergence in Ogun politics as an answer to the prayers of the people.

Adeola concluded by calling on religious leaders to continue praying for national leaders and the armed forces, especially as Nigeria continues to grapple with insecurity.