Tinubu Says Nigeria’s Economy Has Recorded Steady Growth After Three Years Of Reforms

By Sabiu Abdullahi

President Bola Tinubu has said his administration’s financial and fiscal reforms have placed Nigeria’s economy on a path of steady growth after three years in office.

The president made the remarks on Wednesday at the State House in Abuja when he received a delegation from Deloitte Africa led by its Chief Executive Officer, Ruwayda Redfearn.

According to Tinubu, although the reforms came with initial difficulties, they have strengthened the country’s economic foundation and created conditions for long-term growth.

“We are following the example of Deloitte’s greatness to change things from the foundation, building the necessary future for our people,” Tinubu said.

“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 stated that the reforms have improved Nigeria’s fiscal and revenue systems, repositioned financial institutions and enhanced the country’s competitiveness. He also urged Deloitte Africa to support the government’s efforts by investing in youth development and job creation.

“The family of Deloitte; you just reminded me of my cradle years in accountancy and where I cut my childhood accounting teeth in Chicago,” he said.

“Deloitte has a good training programme, and I believe you will continue to reflect that.”

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, also encouraged the firm to prioritise programmes that build the capacity of young Nigerians.

Speaking on behalf of the firm, Redfearn reaffirmed Deloitte Africa’s commitment to supporting the Federal Government’s reform agenda.

“We are before you to say that we want to serve,” she said.

“We have a local team on the ground that is ready, as well as the global firm, to support you and support your administration as you lead the country.”

She disclosed that Deloitte employs more than 500,000 people worldwide, including over 6,000 in Africa, and generated $74 billion in revenue in 2025.

Also speaking, the Chief Executive Officer of Deloitte West Africa, Yomi Olugbenro, said the firm is prepared to deploy its international experience to support Nigeria’s economic transformation.

“We do believe that with the capabilities that the firm has all over the world, with the half a million people that our CEO spoke about, we have use cases, examples and experiences of how we supported nations all around the world, so Nigeria will definitely benefit from those experiences,” Olugbenro said.

“So that is why we are here, and we welcome the invitation that you may grant us as to where exactly you want us to support you.”