President Tinubu says ongoing reforms have stabilised Nigeria’s economy and improved the country’s fiscal outlook.
President Bola Ahmed Tinubu has declared that Nigeria has achieved stability under his administration despite the economic hardship currently facing many Nigerians.
Tinubu made the remarks while addressing stakeholders during an official engagement, where he defended his administration’s economic reforms and fiscal policies.
According to the President, the removal of fuel subsidy and exchange rate reforms were necessary decisions aimed at preventing economic collapse and restoring confidence in the Nigerian economy.
He stated that government revenues had improved significantly since the reforms were introduced, adding that states now receive increased allocations from the Federation Account.
Tinubu also maintained that his administration was focused on long-term economic recovery, infrastructure development, investment growth, and social intervention programmes.
The President acknowledged the difficulties Nigerians are experiencing but insisted that the country’s economic foundation had become more stable compared to previous years.
His comments come amid rising public concerns over inflation, high food prices, foreign exchange challenges, and the increasing cost of living across the country.