President Bola Tinubu says his economic reforms are starting to show results, citing stronger federal revenue distribution, improved macroeconomic stability, and more resources for states and local governments.
Speaking at the opening of the two-day National Economic Council (NEC) conference in Abuja, Tinubu said Nigeria still faces unemployment, poverty, infrastructure gaps, and fiscal challenges, but praised Nigerians’ resilience and creativity.
“Since this administration began, we have implemented bold reforms to stabilize the economy, restore confidence, and create long-term growth,” he said. “These measures aim to deliver prosperity and opportunities for all Nigerians.”
Tinubu highlighted that states and local governments now receive larger and more predictable allocations, enabling better infrastructure investment, social services, and salary payments.
He also noted progress in public financial management, fiscal coordination, and social investment programs targeting vulnerable citizens, youths, women, and small businesses.
The president described infrastructure development in transport, power, digital connectivity, housing, and irrigation as a key driver of inclusive growth.
Tinubu concluded that the reforms are crucial to reposition Nigeria’s economy for sustainable development in the years ahead.
