President of the Senate Godswill Akpabio has said the wave of defections to the All Progressives Congress is a sign of appreciation for the policies introduced by the administration of Bola Tinubu.
Akpabio made the remark on Friday in Abuja during the inauguration of the APC convention sub-committee on programmes and events.
According to the Senate President, Tinubu inherited what he described as a “foamy economy” when he assumed office in 2023 but has since implemented reforms aimed at stabilising the country’s economic situation.
“The National Assembly will continue to support the agenda of the President Tinubu-led government in his efforts towards taking the country out of the woods,” Akpabio said.
“President Tinubu met what can be described as a foamy economy. He had to put on his thinking cap by harmonising the exchange rate and the removal of the fuel subsidy, which was a drainpipe on the economy.”
Akpabio added that the administration also introduced tax reforms to boost government revenue through the National Revenue Service.
“He has also put in place the tax reforms, which have increased national revenue from the non-oil sector through the National Revenue Service,” he said.
He noted that the reforms had led to increased allocations to sub-national governments, adding that the National Assembly would continue to support the administration’s reform agenda.
Akpabio further argued that the recent movement of opposition politicians into the APC demonstrates growing confidence in the policies of the Tinubu government.
“The recent defection into the ruling APC is simply a show of gratitude based on what the administration has achieved since 2023,” he added.
