AGAIN, TINUBU DEFENDS ADMINISTRATION’S ECONOMIC REFORMS

President Bola Tinubu, yesterday, declared that Nigeria’s economy is on a steady growth path, saying the fiscal and structural reforms undertaken by his administration over the past three years have laid a solid foundation for sustainable economic expansion and improved global competitiveness.
 
The President spoke at the State House, Abuja, while receiving a delegation from Deloitte Africa led by its Chief Executive Officer, Ruwayda Redfearn, who commended the administration’s financial and fiscal reforms and pledged stronger collaboration to attract investment, strengthen digital transformation, and expand youth training and employment opportunities.
 
Tinubu acknowledged that the reforms had imposed short-term hardships but insisted they were yielding positive results.
 
“We are following the example of Deloitte’s greatness to change things from the foundation, building the necessary future for our people.
 
“Yes, reforms are difficult. It has not been a McDonald’s customer relationship, but a harvester of good things if implemented well, and that is what we are about.
 
“Thank you for your partnership in paying attention to what we are doing here. We have heard from the Minister of Finance about the fiscal, revenue and tax reforms that have taken place and are moving the nation forward.
 
“The reforms on revenue will continue to stimulate growth. Yes, some issues are difficult; taking the bitter medicine is never easy, but it is working well. Nigeria is making serious foundational progress,” the President said.
 
Tinubu said the reforms had strengthened public finances, improved revenue generation, repositioned financial institutions and placed the country on a stronger footing to compete in the global economy.
 
He urged Deloitte Africa to deepen its engagement in Nigeria by investing in skills development and creating employment opportunities for the country’s youthful population.
 
Recalling his early professional years in accountancy, the President praised Deloitte’s long-standing reputation for human capital development.
 
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, also encouraged the global consulting firm to prioritise capacity building for Nigerian youths as part of its partnership with the government.

Speaking on behalf of the firm, Redfearn said the organisation, which operates in digital and business transformation, employs more than 500,000 professionals globally, including over 6,000 across Africa, and generated $74 billion in revenue in 2025. She reaffirmed the firm’s readiness to support the Tinubu administration.