President Bola Tinubu has assured Nigerians that his administration’s economic reforms are beginning to deliver positive results, with no plans for reversal.
Speaking during the presentation of the 2025 national budget at a joint session of the National Assembly on Wednesday, Tinubu said the policies have started to stimulate economic growth and will soon lead to a more functional and improved economy for Nigerians.
“Our economy is responding positively to stimulus,” Tinubu said. “Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages and specific non-inflationary spending. The reforms we have instituted are beginning to yield results, no reversals. Nigerians will soon experience a better and more functional economy.”
The president highlighted key economic indicators, noting that Nigeria’s economy outperformed global projections.
“While global economic growth for 2024 was projected at 3.2 percent, Nigeria grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the same period in 2023,” he said.
Tinubu added that the country’s foreign reserves have reached nearly $42 billion, creating a strong buffer against external shocks, while the current trade surplus now stands at ₦5.8 trillion, as reported by the National Bureau of Statistics.
“These results reflect the resilience of the nation’s economy and the impact of deliberate policy choices made from the onset,” he said.
