President Bola Ahmed Tinubu has defended his administration’s economic reforms, insisting that the difficult policy decisions taken over the past three years are beginning to produce positive results for Nigeria’s economy.
Speaking at the maiden State House Press Corps Dinner in Abuja, the President acknowledged that his government’s reforms had been challenging but described them as necessary to put the country on a stronger economic footing. He said key economic indicators now point to gradual recovery and renewed investor confidence.
Tinubu Highlights Signs of Economic Improvement
According to the President, Nigeria’s public revenues have increased significantly, enabling state governments to receive larger monthly allocations to support infrastructure and development projects.
Tinubu also stated that the country’s foreign reserves have grown considerably, while the oil and gas industry is witnessing renewed investment. He added that the Nigerian stock market has recorded strong growth and that broader economic indicators are moving in a positive direction.
He attributed these developments to ongoing fiscal reforms, tax reforms, infrastructure investments, and efforts to improve the ease of doing business, saying they are laying the foundation for a more productive and competitive economy.
President Defends Tough Economic Decisions
The President maintained that although the reforms initially created hardship for many Nigerians, they were essential to correcting long-standing structural challenges within the economy.
His administration has implemented major policy changes, including the removal of the fuel subsidy, foreign exchange reforms, and tax reforms aimed at strengthening government finances and attracting private investment.
Tinubu argued that the country is now emerging from what he described as a period of economic uncertainty and is beginning to experience the benefits of those decisions.
Calls for Responsible Journalism
During the event, the President also urged journalists to uphold professionalism and avoid amplifying messages from terrorists, kidnappers, and other criminal groups.
He stressed that while his administration remains committed to press freedom, journalists have a responsibility to report accurately, provide context, and avoid spreading misinformation. Tinubu added that media organisations should prioritize truth, fairness, and national unity in their reporting.
Key Highlights
- President Tinubu says Nigeria’s economy is gradually stabilising.
- He says reforms have boosted public revenue, investor confidence, and foreign reserves.
- The government believes tax, fiscal, and infrastructure reforms are producing positive results.
- Tinubu acknowledged the reforms were difficult but described them as necessary.
- The President also urged the media to report responsibly and avoid giving publicity to terrorists.
The Story in Nigerian Pidgin
Tinubu Say Nigeria Economy Don Dey Stabilise Despite Hardship
President Bola Tinubu don talk say the tough economic reforms wey him government introduce don begin show positive results. According to am, government revenue don increase, foreign reserves don improve, investors don begin trust Nigeria again, and the oil and gas sector dey attract fresh investments.
Tinubu admit say the reforms cause hardship for many Nigerians, but he insist say the decisions were necessary to fix the economy for the long term. He also use the occasion advise journalists make dem report responsibly and avoid giving unnecessary publicity to terrorists and other criminal groups.
