Bola Ahmed Tinubu has defended his administration’s economic reforms, insisting they are beginning to deliver positive results across key sectors of Nigeria’s economy.
Speaking at the maiden State House Media Dinner in Abuja on Thursday, President Tinubu said the difficult reforms introduced by his government were already strengthening public finances and restoring investor confidence.
According to Channels Television, Tinubu said the reforms, though challenging, were necessary to stabilise the economy and lay the foundation for long-term growth.
“The difficult but necessary reforms undertaken by this administration are yielding results. Our economy is stabilising. Public revenues have strengthened significantly,” the president said.
He added that state governments are now receiving higher allocations to support development, while investor confidence is gradually returning. Tinubu also pointed to improvements in Nigeria’s foreign reserves, renewed investments in the oil and gas sector, and strong growth in the stock market.
The president said ongoing tax reforms, fiscal reforms, infrastructure investments and efforts to improve the business environment are helping to build a more competitive and productive economy.
While acknowledging that challenges remain, Tinubu said progress is being made.
“The journey is not yet complete, but the direction is clear, and the foundations for long-term growth are being firmly established,” he stated.
On security, Tinubu said his administration has maintained a determined and multi-dimensional strategy against insecurity. He noted that military operations have intensified, intelligence gathering has improved, and cooperation among security agencies has strengthened.
According to him, thousands of criminal elements and terrorists have been neutralised, while several hostages have been rescued and communities reclaimed from armed groups.
Tinubu also praised the Nigerian media for its role in strengthening democracy, describing journalists as critical partners in nation-building.
He urged media practitioners to report accurately and responsibly, stressing the need to avoid inflaming tensions in society.
The president reaffirmed his administration’s commitment to press freedom and freedom of expression as guaranteed under Nigeria’s Constitution.
