Tinubu Says Nigeria Making “Serious Foundational Progress” As Economic Reforms Continue

Tinubu Says Nigeria Making “Serious Foundational Progress” as Economic Reforms Continue President Bola Tinubu has said Nigeria is recording “serious foundational progress” under his administration, citing ongoing economic reforms aimed at stabilising the economy, strengthening public finances and improving the country’s competitiveness. The President said the reforms introduced by his government have helped strengthen Nigeria’s fiscal and revenue systems, reposition financial institutions and create a more stable environment for economic growth. Tinubu made the remarks while highlighting the progress of his administration’s economic agenda, which focuses on improving government revenue, attracting investment and building stronger institutions to support long-term development. According to the President, the reforms are designed to address longstanding structural challenges affecting the Nigerian economy, including weaknesses in public finances and inefficiencies within key economic systems. He said efforts to improve revenue collection and financial management were already producing results, while measures aimed at strengthening institutions would help create a more resilient economy. Tinubu also emphasised the importance of improving Nigeria’s position in the global economy, stating that the government’s policies were focused on making the country more competitive for investors and businesses.

The administration’s economic measures have generated significant debate, with supporters arguing that reforms are necessary to place the economy on a sustainable path, while critics have raised concerns about the short-term impact on citizens, particularly regarding the cost of living and inflation pressures.

The President maintained that the government remains committed to implementing policies that will deliver long-term economic stability, expand opportunities and improve the welfare of Nigerians.