Presidency Lists 12 Gains of Tinubu’s Economic Reforms
Reported by David Joshua | Sele Media Africa

In his address marking Nigeria’s 65th Independence Anniversary, President Bola Ahmed Tinubu outlined what he called 12 key economic milestones achieved under his administration — attributing them to bold fiscal and monetary reforms. [1]

Below are the major gains as listed by the Presidency:

1.⁠ ⁠Record non-oil revenue growth — hitting targets ahead of schedule. [2]
2.⁠ ⁠Improved fiscal health, evidenced by a reduced debt service‑to‑revenue ratio. [1]
3.⁠ ⁠Stronger foreign reserves — bolstering Nigeria’s external buffers. [1]
4.⁠ ⁠Stabilised foreign exchange market and steps toward naira revaluation. [3]
5.⁠ ⁠Trade surplus returns, reversing years of deficit. [3]
6.⁠ ⁠Increased oil production (up to ~1.6 million barrels/day) and emphasis on refining locally. [1]
7.⁠ ⁠Expanded transport infrastructure in rail, road, air, and maritime sectors. [1]
8.⁠ ⁠Rise in coal mining activity, contributing to diversification. [1]
9.⁠ ⁠Improved sovereign credit rating and greater investor confidence.
10.⁠ ⁠Cut in interest rates (first time in five years) by the Central Bank of Nigeria. [1]
11.⁠ ⁠Robust social investment programs, including a ₦330 billion scheme for poor households. [1]
12.⁠ ⁠Strengthened fiscal discipline and public financial management, creating a foundation for sustainable growth. [3]

In his speech, Tinubu acknowledged that the reforms caused short-term difficulties for many Nigerians, but insisted the alternative — continued economic decline — was not viable. He urged citizens to stay the course. [1]

Critics, however, continue to highlight persistent inflation, high cost of living, and inadequate relief to vulnerable populations as significant challenges that remain.
Citations:

1. The Nation Newspaper: thenationonlineng.net/tinubu-lists-12-economic-milestones/?utm_source=chatgpt.com
2. Neusroom: neusroom.com/tinubu-lists-economic-milestones-in-28-months/?utm_source=chatgpt.com
3. PRNigeria News: prnigeria.com/2025/10/01/nigeria-tinubu-economic/?utm_source=chatgpt.com
4. Reuters: www.reuters.com/world/africa/nigerias-tinubu-touts-economic-gains-mid-term-inflation-insecurity-persist-2025-05-29/?utm_source=chatgpt.com

About The Author

David Joshua Oliver

Oliver David Joshua is a seasoned media professional with a passion for impactful journalism and strategic leadership. As the Managing Director and Editor-In-Chief of Sele Media Africa, he oversees the organization’s editorial vision, ensuring high standards of truth, balance, and bold reporting. Known for his sharp editorial eye and commitment to excellence, Oliver plays a key role in shaping the voice of Sele Media Africa across the continent. His leadership continues to drive innovation, credibility, and growth in Africa’s digital media space.

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