Nigeria Has Stabilized After Three Years of Reforms: Tinubu
Nigeria Has Stabilized After Three Years of Reforms: Tinubu
The hardships the citizens faced during three years of economic reforms “have not been in vain,” President Bola Tinubu noted in a statement, marking the conclusion of his third year in office.
The measures ended a subsidy-related drain of about $18.4 million per day and prevented more than $5.84 billion in losses linked to forex arbitrage and speculative practices over three years, he noted.
Among the achievements listed by Tinubu were:
🟠 a rise in the All Share Index, which tracks the overall performance of listed Nigerian stocks, from 53,000 in 2023 to 250,000 in 2026;
🟠 market capitalization increasing from about $21.9 billion to $116.8 billion;
🟠 more than 1.5 million students receiving access to education loans, with about $205.9 million disbursed under the program;
🟠 stronger local refining capacity, helping improve Nigeria’s energy security.
"We are improving the capabilities of our armed forces and security agencies," the president added.
He also pointed to other large-scale projects, including more than 2,700 km of highways, railways and major roads already being modernized, including medical facilities and other infrastructures.
“Across agriculture, infrastructure, power, technology, manufacturing, and industry, the signs of recovery are becoming clearer. Confidence is returning. Productivity is improving. Opportunity is expanding,” he said.
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