Reforms moving from stability to investment – Tinubu

President Bola Tinubu has announced that Nigeria's new economic reforms are shifting focus from stability to investment, production, and job creation. Speaking at the 19th Annual Banking and Finance Conference in Abuja, Tinubu said his administration is accelerating progress toward prosperity and improved living standards. The Minister of Finance, Taiwo Oyedele, highlighted the crucial role of the banking and financial services sector in achieving these goals.

Tinubu emphasized that the current phase of reforms aims to convert stability into investment, investment into production, production into jobs, and growth into better living standards. His administration has undertaken challenging economic reforms in areas like foreign exchange, public finances, taxation, and fiscal management to address long-standing structural weaknesses.

Recent economic growth data, including a 4.43% increase in the second quarter of 2026 and a 17% GDP growth in US dollar terms during the first half of the year, have demonstrated tangible results. Tinubu emphasized the need for affordable credit for businesses, stating that a resilient banking system cannot function without it. He identified growth facilitation, financial inclusion, technology, long-term capital, and consumer protection as key priorities for building a robust financial system.

The President also reiterated Nigeria's commitment to achieving a $1tn economy by 2030, noting that its purchasing power GDP has surpassed $2.2tn. Tinubu's remarks underscore the administration's ongoing efforts to transform Nigeria's economy into a more productive and prosperous one.