President Bola Tinubu has reaffirmed his administration’s commitment to economic reforms, saying Nigeria is making “serious foundational progress” despite the initial hardships associated with the policy changes.
The President made the remarks while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda Redfearn, at the State House in Abuja. He said the administration’s fiscal, revenue and tax reforms were beginning to yield positive results by stabilising the economy and laying the groundwork for sustainable growth.
Tinubu acknowledged that the reforms had required difficult decisions but insisted they were necessary to reposition Nigeria’s economy for long-term prosperity and global competitiveness.
“We are following the example of Deloitte’s greatness to change things from the foundation, building the necessary future for our people.
“Yes, reforms are difficult. It has not been a McDonald’s customer relationship but a harvester of good things, if implemented well, and that is what we are about.
“Thank you for your partnership in paying attention to what we are doing here, as we have heard from the Honourable Minister of Finance about the fiscal, revenue and tax reforms that have taken place and are moving the nation forward.
“The reforms on revenue will continue to stimulate growth. And the effect of the reform? Yes, some issues are difficult to take the bitter medicine, but it is working well. For the economy, Nigeria is making serious foundational progress.”
The President added that the reforms had strengthened the fiscal and revenue sectors, repositioned financial institutions and enhanced Nigeria’s competitiveness, expressing confidence that the country’s economic trajectory would continue to improve with sustained implementation.
Deloitte Africa, in turn, commended the Federal Government’s reform agenda and pledged deeper collaboration with Nigeria in areas including investment, digital transformation, youth training and job creation.
