Tinubu: Economic Reforms Have Improved Nigeria’s Outlook
President Bola Tinubu on Thursday said Nigeria’s economic outlook had improved significantly under his administration, insisting that the reforms introduced by his government had confronted, rather than created, the country’s
President Bola Tinubu declared on Thursday that Nigeria's economic outlook had markedly improved during his administration, claiming that the reforms his government introduced had addressed, rather than exacerbated, the country's economic vulnerabilities. Addressing the nation to commemorate Nigeria's 66th Independence Anniversary, Tinubu pledged to "do things differently" upon taking office three and a half years ago.
He emphasized that the evidence of Nigeria's improved economic outlook was clear, with the economy expanding by more than four percent that year, driven by contributions from both the oil and non-oil sectors. Tinubu noted a decline in oil theft, a substantial decrease in inflation from its peak, the reconstruction of foreign reserves, and a stabilisation of the foreign exchange market.
He highlighted that Nigeria had recorded its highest revenue from non-oil exports in 2025, surpassing $6 billion. Tinubu insisted that these gains were not mere claims from his administration, emphasizing that international observers, journalists, non-governmental organizations, and multilateral institutions had all observed the positive changes.
He stated that the private sector had already validated his administration's reforms, and foreign direct investment continued to rise annually.
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