25/08/2025
In his first two years in office, President Bola Ahmed Tinubu implemented sweeping economic and fiscal reforms aimed at stabilizing Nigeria’s economy. The removal of fuel subsidy and unification of exchange rates freed billions for development while narrowing the gap between official and parallel markets. Foreign reserves rose above $40 billion, the balance of payments turned to surplus, and debt service-to-revenue ratio dropped significantly. Trade surpluses, increased non-oil exports, and rising foreign direct investment boosted investor confidence, with GDP growth reaching its strongest level in years. Fiscal deficits shrank, and more funds were directed toward infrastructure, agriculture, and industrial revival, including road projects, tractors for mechanized farming, and solid minerals development.
On the social front, Tinubu’s administration expanded welfare through the Renewed Hope cash transfers to 15 million households, student and consumer loan schemes, and a new minimum wage policy. Over 750,000 youths were trained in digital skills under the 3MTT program, while healthcare saw the revitalization of thousands of primary health centres, construction of oncology centres, and expanded insurance coverage. Infrastructure gains included major highways and housing projects, while governance reforms brought new development commissions and tax laws. Though challenges remain, particularly inflation, high living costs, and persistent insecurity, Tinubu’s two-year record reflects a mix of bold reforms, social intervention, and investment-driven growth strategies.
Continuity
*Hon.Princess Adejoke Orelope-Adefulire*
*SSA to the President on SDGs*
