PRESIDENT Bola Tinubu has reassured Nigerians that the current economic challenges are only temporary, likening the hardship to the pain of a necessary surgery that will ultimately lead to recovery and prosperity.

Speaking on Thursday at the coronation of former Oyo State governor, Rashidi Ladoja, as the 44th Olubadan of Ibadanland, Tinubu said the economy is beginning to recover.

“There is light at the end of the tunnel. Your suffering is like a painful surgery, but the nation is returning to the path of growth, and prosperity lies ahead,” the President declared.

Tinubu expressed gratitude to the people of Ibadan for their support during the 2023 election and commended their resilience as his administration pushes through reforms.

Since assuming office in May 2023, he has introduced sweeping economic measures, including the removal of the fuel subsidy.

While aimed at stabilising the economy, the policies have triggered soaring fuel prices, rising transportation costs, and escalating food inflation — deepening hardship for millions of Nigerians.

Critics say the reforms have worsened living conditions, but supporters argue they are vital for long-term recovery.

At the historic Mapo Hall in Ibadan, where Oba Ladoja received his staff of office from Governor Seyi Makinde, Tinubu described the new monarch as “a rare gem of history.”

He prayed for the king’s long and impactful reign, joining dignitaries such as Governors Lucky Aiyedatiwa, Biodun Oyebanji, and Ademola Adeleke, as well as traditional rulers and former governors.

The event marked Ladoja’s official ascension to the Olubadan throne following the passing of Oba Owolabi Olakulehin in July 2025.

The coronation drew a large crowd, including political leaders, royal fathers, and religious figures, under tight security.

The Olubadan throne remains one of the most respected in Yorubaland.