President Bola Ahmed Tinubu has said his administration’s sweeping economic reforms have dismantled deep-rooted distortions in Nigeria’s economy, restored policy credibility, and positioned the nation for sustainable growth.
Speaking at the Wednesday’s Federal Executive Council meeting, Tinubu credited his government’s decisive actions — including the removal of the fuel subsidy and scrapping of the dual exchange rate system — with stabilising the economy and boosting investor confidence.
“These reforms have enhanced our economic resilience, restored macroeconomic stability, created a transparent and competitive business environment, and strengthened our ability to attract both domestic and foreign investment,” the President said.
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President Tinubu thanked his ministers for their “unwavering commitment, resilience, and hard work” in driving the reform agenda, stressing that investment inflows would be critical to sustained growth, job creation, and lifting millions out of poverty.
Looking ahead, the President reaffirmed the “Renewed Hope Agenda” target of transforming Nigeria into a $1 trillion economy by 2030, with an interim goal of achieving at least 7% GDP growth by 2027.
“This is not just an economic target — it is a moral imperative,” Tinubu said. “Stimulating higher growth is the only sustainable path to solving the poverty challenge in Nigeria.”
