President Bola Tinubu and Ooni of Ife, Oba Adeyeye Enitan Ogunwusi

The Ooni of Ife, Oba Adeyeye Ogunwusi, has backed President Bola Tinubu’s economic reforms, saying they brought about changes the country had never experienced before.

He cited developments in the capital market, foreign reserves and the foreign exchange market as gains of the reform

Speaking at the inauguration of the “President Bola Ahmed Tinubu Door-to-Door Movement” in Abuja on Thursday, the monarch said the President assumed office well prepared and that the impact of his policies was evident across the public and private sectors.

The traditional ruler said the country’s capital market was approaching a market capitalisation of over N140tn, describing it as unprecedented in the country’s history.