TINUBU SAYS NIGERIA HAS MOVED BEYOND CRITICAL ECONOMIC RECOVERY PHASE
President Bola Tinubu says Nigeria is entering a new phase of economic development, with his administration shifting attention towards job creation, industrial growth and improved living standards.
Abuja, Nigeria — ABUJA, NIGERIA – President Bola Ahmed Tinubu has declared that Nigeria has made significant progress in stabilising its economy, saying the government's priority is now to ensure that the benefits of ongoing reforms translate into improved living conditions for citizens.
The President made this known on Thursday during the public presentation of a book titled Economic Diversification and Structural Transformation in Nigeria: Past, Present and Future, authored by Dr Abdulmumin Jibrin Kofa, a member of the House of Representatives.
The event took place at the State House Conference Centre in Abuja, where the President was represented by the Speaker of the House of Representatives, Tajudeen Abbas. Tinubu, who wrote the foreword to the publication, formally presented the book to the public.
In his address, the President highlighted improvements in Nigeria's economic indicators since his administration introduced major reforms in May 2023.
He cited the country's external reserves, which he put at 55 billion dollars, alongside more than six billion dollars in non-oil exports and increased government revenue as evidence of progress.
Tinubu said the next stage of his economic agenda would focus on expanding industrial production, creating employment opportunities, improving electricity supply, promoting affordable housing and strengthening local manufacturing.
He also reiterated his administration's ambition to build a diversified, investment-driven economy valued at one trillion dollars by 2030.
However, the President acknowledged that positive economic figures alone would not be enough to convince Nigerians that the reforms are working.
He stressed that the true measure of economic success should be the difference government policies make in people's everyday lives, particularly through better opportunities, improved purchasing power and access to essential services.
