The Oluwo of Iwo, Oba Abdulrosheed Akanbi, has made a notable suggestion that some Nigerians might push for a constitutional amendment to enable President Bola Tinubu seek a third term in office. This proposal comes as the president celebrates his 74th birthday.
Oba Abdulrosheed Akanbi believes that President Tinubu's leadership style has been decisive and has laid a foundation of hope for the country. He praises the president's administration for taking a firm stance against practices that hindered economic growth in the past. The monarch also highlights measurable economic gains under the current government, including a stronger naira and increased foreign reserves.
According to the Oluwo, the foreign reserves have grown significantly from about $1 billion to between $49.5 billion and $50.45 billion as of late February/March 2026. He attributes these developments to key policy reforms such as exchange rate unification, higher oil production, and increased foreign investment inflows.
The idea of amending the constitution to allow President Tinubu a third term raises serious questions about the country's democratic institutions. The Oluwo's suggestion implies that some Nigerians are willing to sacrifice the principles of term limits for the sake of continuity under Tinubu's leadership. This development is a stark reminder of the ongoing debate about the role of the executive in Nigeria's politics. With foreign reserves reaching a record high, it is clear that the current administration has made significant strides in improving the country's economic indicators. However, the push for a third term could undermine these gains and set a dangerous precedent for future leaders.
