Tinubu: My Reforms Are Working, We’re Building a Stronger, Inclusive Nigeria

Tinubu at 2 Years in Office: “The Reforms Are Working”

President Bola Ahmed Tinubu, in a nationwide broadcast to mark two years in office, declared that the economic and governance reforms under his Renewed Hope Agenda are beginning to yield tangible results. The President addressed the nation on May 29, 2025, reassuring Nigerians that the worst is behind and the path to a stronger, inclusive Nigeria is clear.

“We are laying the foundation for a more sustainable future…together, we are creating a system where prosperity is shared, and no one is left behind,” Tinubu said.

What Tinubu Said Nigerians Have Gained So Far

• Economic Stabilisation: Inflation is easing, oil sector investments have topped $8bn, and real GDP growth hit 4.6% in Q4 2024.

• Fuel Subsidy Removal: Described as necessary to avert fiscal collapse, the subsidy removal has turned NNPC into a net contributor to the Federation Account.

• Forex Reform: Multiple exchange rates eliminated to fight corruption and improve transparency.

• Revenue Growth: Nigeria’s tax-to-GDP ratio rose from 10% to 13.5%, while fiscal deficit dropped from 5.4% of GDP in 2023 to 3.0% in 2024.

• External Reserves: Jumped from $4bn in 2023 to over $23bn by end-2024.

• Debt Management: Emergency borrowing halted, and debt-service-to-revenue dropped to below 40%.

• First Quarter 2025 Earnings: Over ₦6 trillion, signaling strong fiscal performance.

Support for the Masses

Tinubu highlighted policies aimed at reducing the cost of living, including:

• VAT exemptions for food, education, healthcare, rent, and transport.

• Student-loan schemes, free dialysis in tertiary hospitals, and expanded health-insurance coverage (now at 20 million Nigerians).

• Over 1,000 health centres refurbished, with 5,500 more underway.

Youth, Tech & Jobs

• Launch of Innovate Naija, Irrigate Nigeria, and renewable energy parks.

• Female drone engineers, EV factories, and diagnostic-kit manufacturing creating jobs.

• Youth targeted through tech-friendly tax incentives and MSME funding.

Security and Infrastructure

• Improved coordination among security agencies with recent wins against banditry.

• Major roads under construction: Lagos-Calabar Highway, Abuja–Kaduna–Zaria–Kano Road, and Second Niger Bridge link roads.

• Power sector boost via off-grid and on-grid investments.

On International Relations

• Introduction of diaspora bond and non-resident BVN to attract foreign investment.

• Launch of Motherland Festival to promote culture and the creative economy.

Tinubu’s Final Word to Nigerians

“Our journey is not over, but our direction is clear. So is our resolve to tackle emerging challenges... By the Grace of God, we are confident that the worst is behind us.”