Lafia, Nasarawa State – Nasarawa State Governor Abdullahi Sule has attributed the financial stability of several Nigerian states to the economic decisions taken by President Bola Ahmed Tinubu. Speaking at the Government House in Lafia on Sunday, March 1, 2026, Governor Sule said the removal of the fuel subsidy and the unification of the foreign exchange rate were pivotal in improving state revenues and preventing insolvency.
Governor Sule highlighted that the revenue now accruing to the Federation Account, which is shared between federal, state, and local governments, has enabled states to manage debt obligations, particularly those linked to foreign exchange. He said: “Every time I speak about how Nasarawa State is able to breathe, I must show great appreciation to the man who took the bullet on our behalf, and that is President Bola Ahmed Tinubu. He took two very difficult decisions at the same time—the unification of the foreign exchange rate and the removal of fuel subsidy. These are decisions very few leaders in the world would agree to take.”
He added that first-term leaders usually avoid such politically risky measures, yet President Tinubu implemented them immediately upon taking office. Sule emphasized that the reforms have led to a significant drop in inflation from over 30 percent to under 15 percent within just over a year, reflecting efforts to boost non-oil revenue.
Governor Sule also discussed fiscal prudence at the state level, explaining that Nasarawa avoided bank loans due to the risks of foreign exchange, unlike other states that are now struggling to repay debts after currency depreciation.
Sule further acknowledged the role of the Federal Radio Corporation of Nigeria (FRCN), North Central Zone, in promoting peace and cohesion in the state. Babayo Askira, the FRCN Zonal Director, commended the governor for infrastructural improvements, including the Mararaba flyover and expanded road networks from Karu to Keffi and Akwanga.
Governor Sule concluded by highlighting the broader impact of President Tinubu’s policies, which he said helped stabilize state finances and allowed Nasarawa State to thrive while supporting other states in avoiding bankruptcy, demonstrating Nigeria’s improved fiscal position on the international stage.