President Bola Tinubu says his administration’s economic reforms are working for the progress of Nigeria.
Tinubu added that his administration will make life better for Nigerians.
The president said this in a statement issued to commemorate the second anniversary of his administration on Thursday, May 29, 2025.
He stated that his administration has stabilised the nation’s economy, noting that “we are now better positioned for growth and prepared to withstand global shocks.”
Tinubu said: “Today, I proudly affirm that our economic reforms are working. We are on course to building a greater, more economically stable nation.
“Under our Renewed Hope Agenda, our administration pledged to tackle economic instability, improve security nationwide, reduce corruption, reform governance, and lift our people out of poverty.
“While implementing the reforms necessary to strengthen our economy and deliver shared prosperity, we have remained honest by acknowledging some of the difficulties experienced by our compatriots and families.
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”We do not take your patience for granted. I must restate that the only alternative to the reforms our administration initiated was a fiscal crisis that would have bred runaway inflation, external debt default, crippling fuel shortages, a plunging naira, and an economy in a free-fall.
“Despite the bump in the cost of living, we have made undeniable progress.”
The president further stated that he acknowledged the sacrifices many Nigerians have been making for the development of the country adding: “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. The real impact of our governance objectives is beginning to take hold.
“The future is bright, and together, we will build a stronger, more inclusive Nigeria that we can all be proud of.”
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