‘Economy Is Stabilising,’ Tinubu Defends Reforms, Says They Are Yielding Results

President Bola Tinubu has defended the economic reforms introduced by his administration, stating that they are beginning to produce positive results for the country.

Speaking during the maiden State House Media Dinner in Abuja on Thursday, the President described the reforms as difficult but necessary, saying they have helped stabilise the economy and restore investor confidence.

According to him, public revenues have increased significantly, enabling state governments to receive higher allocations for development. He also said Nigeria’s foreign reserves have improved, the oil and gas sector is attracting fresh investments, and the stock market has experienced remarkable growth. Tinubu added that ongoing tax reforms, fiscal reforms, infrastructure development, and efforts to improve the business environment are laying the foundation for a more competitive, productive, and prosperous economy.

While acknowledging that the country still has challenges to overcome, the President said the government is firmly on the right path toward achieving long-term economic growth.

On security, Tinubu said his administration has continued to adopt a comprehensive approach to tackling insecurity. He noted that military operations have intensified across various regions, intelligence gathering has improved, cooperation among security agencies has strengthened, and partnerships with neighbouring countries have expanded.

He stated that these efforts have led to the elimination of thousands of terrorists and criminal elements, the rescue of numerous kidnapped victims, and the recovery of communities previously under threat. He reaffirmed his administration’s commitment to ensuring the safety of all Nigerians and creating an environment where citizens can live, work, and prosper peacefully.

The President also commended the media for its contribution to Nigeria’s democracy, describing journalists as partners in nation-building. He urged media organisations to report accurately and responsibly, warning against publications capable of inciting unrest.

Tinubu stressed that while the media has the constitutional responsibility to hold government accountable, the government also has a duty to serve the people through effective leadership and sound policies. He reaffirmed his administration’s commitment to protecting freedom of expression and press freedom as guaranteed by Sections 22 and 39 of the Constitution of the Federal Republic of Nigeria.