Economic Reforms Yielding Results, Says Tinubu

President Bola Tinubu has again defended his reforms rolled out by his administration and insisted that they are yielding results.

The former Lagos State governor spoke on Thursday during the maiden State House Media Dinner in Abuja.

According to him, while the reforms were “difficult steps”, the results so far show that things have improved, with “investor confidence” in the country returning.

“The difficult but necessary reforms undertaken by this administration are yielding results. Our economy is stabilising. Public revenues have strengthened significantly,” Tinubu told the gathering.

### Key Economic Indicators Moving in the Right Direction

Tinubu said his administration has made significant progress in various sectors, which he attributed to the reforms.

“State governments are receiving substantially higher allocations to support development. Investor confidence is returning. Our foreign reserves have improved considerably. The oil and gas sector is attracting renewed investment. The stock market has witnessed remarkable growth. Key economic indicators are moving in the right direction,” he said.

### Media Praised for Role in Nation-Building

Tinubu praised the media for their role in the advancement of the country’s democracy.

“We are adversaries only in the democratic sense, as the media constantly distrust those in power. In nation-building, we are partners,” he noted.

“Government exists to serve the people through leadership, policy, and public service. The media exists to serve society by watching those entrusted with power, asking difficult questions, and holding government accountable. The Nigerian people have deliberately assigned us these roles,” he added.

### Promise to Protect Press Freedom

Tinubu also promised to ensure that the media enjoy the freedom to carry out their jobs.

“My administration remains fully committed to the constitutional guarantees of freedom of expression and press freedom as enshrined in Sections 22 and 39 of the Constitution of the Federal Republic of Nigeria,” he said.

### Tinubu on Insecurity

Tinubu also spoke on the issue of insecurity, recalling successes recorded in the battle against terrorism.

“Military operations have intensified across several theatres. Intelligence gathering has improved. Inter-agency collaboration has strengthened. Regional and international cooperation has expanded,” the president said.

### Thousands of Criminal Elements and Terrorists Neutralised

Tinubu said his administration has “maintained a determined, multi-dimensional approach” to the security challenges facing the country.

“As a result, thousands of criminal elements and terrorists have been neutralised. Numerous hostages have been rescued. Communities previously under threat have been reclaimed. Security agencies continue to demonstrate courage and professionalism in confronting terrorism, banditry, kidnapping, oil theft, and other forms of criminality,” he said.

### Commitment to Securing Every Part of the Country

Tinubu said his administration “remains resolute in our commitment to securing every part of our country and ensuring that every Nigerian can live, work, and prosper in peace.”

### Nigerian Angle

The economic reforms defended by Tinubu have significant implications for Nigeria’s economy and the lives of its citizens.

The country is still recovering from the effects of a severe economic downturn in recent years, and the reforms aim to stimulate growth and improve living standards.

However, critics argue that the reforms have not been effective in addressing some of the underlying issues facing the economy, such as corruption and inequality.

### Key Facts

  • The reforms aimed at improving investor confidence and stimulating economic growth
  • Results so far show improvement in the economy and growth of the stock market
  • Tinubu has praised the media for their role in nation-building
  • His administration remains committed to protecting press freedom
  • Successes have been recorded in the battle against terrorism

### What Happens Next?

The exact impact of the reforms on Nigeria’s economy and the lives of its citizens will continue to be closely monitored in the coming months.

The Tinubu administration will likely continue to defend its policies and reforms, while critics will continue to push for more effective solutions to address the underlying issues facing the economy.

The media will likely continue to play a crucial role in holding the government accountable and keeping the public informed about the progress and challenges facing the country.