By Jamilu M Magaji
On May 29, 2025, President Bola Ahmed Tinubu, GCFR, marked his second anniversary as the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria. This milestone represents not just the passage of time, but a turning point in Nigeria’s modern political and economic history—a testament to bold reforms, strategic governance, and a relentless pursuit of national development.
In just 24 months, President Tinubu’s administration has laid a firm foundation for economic revitalisation, security stabilisation, and human capital investment. The following is my attempt to appraise the two years of transformational strides of the presidency driven by purpose, progress, and the promise of a new Nigeria:
1. Empowering Nigerians through Strategic Financial Interventions
One of the hallmark initiatives of the Tinubu administration is the Presidential Loan and Grant Scheme, which has supported over 900,000 entrepreneurs and small business owners. This lifeline of financial empowerment is revitalising the informal sector and unlocking grassroots innovation. Complementing this effort, the Students’ Loan Scheme has already benefitted over 300,000 young Nigerians, giving them access to quality higher education without the financial burden that has held back generations. These programs signal a long-overdue democratisation of access to capital and education.
2. Restoring Fiscal Stability and Investor Confidence
In a remarkable feat, Nigeria has cleared over $10 billion in FX debt, a move that has stabilised the naira and restored international confidence. This bold financial reengineering is matched by a surge in Foreign Direct Investment (FDI), with over $50 billion in new commitments, indicating trust in Nigeria’s economic direction. In addition, Nigeria’s net foreign exchange reserves have seen an unprecedented jump — from $3.99 billion in 2023 to $23.11 billion in 2024 — a result of stringent reforms, strategic investment policies, and renewed international engagement.
The oil and gas sector, once plagued by underinvestment, is also experiencing a renaissance. Over $8 billion in new investments have been unlocked, laying the groundwork for energy security and industrial expansion. Meanwhile, the solid minerals sector attracted over $800 million in processing investments in 2024 alone, positioning Nigeria for a post-oil economy.
3. Infrastructure and Economic Growth on the Fast Lane
President Tinubu has significantly accelerated infrastructure development, with over 440 road projects currently underway, including more than 2,700 kilometres of new superhighways. These projects are not just roads — they are economic corridors, connecting communities, facilitating trade, and enhancing logistics nationwide. This infrastructure push has underpinned Nigeria’s 3.84% GDP growth in Q4 2024, the highest in three years, signalling a recovering and resilient economy under proactive leadership.
4. People-Centric Reforms and Regional Inclusion
The federal government approved and commenced payment of a N70,000 minimum wage, reinforcing its commitment to the welfare of Nigerian workers. This is a bold move by the government to address rising living costs and boost workers’morale. Moreover, the administration has introduced four new landmark Tax Bills, ensuring a more equitable, transparent, and growth-oriented tax system. These legislative milestones are simplifying compliance and boosting non-oil revenue streams.
Furthermore, new Regional Development Commissions have been established, decentralising development and giving states a stronger voice in the national growth agenda. This was a nod to Nigeria’s long-standing diverse regional aspirations.
5. Securing the Nation, Securing the Future
Perhaps one of the most critical achievements is in the area of national security. Under President Tinubu’s leadership, over 13,500 terrorists have been eliminated, significantly degrading insurgent capabilities and restoring relative peace to previously volatile regions. These gains are the result of strategic military coordination, improved equipment, and the unwavering resolve to secure every inch of Nigerian territory.
In conclusion, let me say that two years into his presidency, President Bola Ahmed Tinubu has demonstrated that transformative leadership is possible when courage meets vision. As the nation looks ahead, Nigerians are increasingly hopeful that these gains will be deepened, institutionalised, and scaled for future generations.
Magaji, a Public Affairs Analyst based in Birnin Kebbi, Kebbi State, can be reached via: mjmagaji@gmail.com.