Nigeria’s economy stabilising, says Tinubu, points to rising reserves, revenue growth

President Bola Tinubu on Thursday claimed Nigeria’s economy is stabilising under his watch, citing rising foreign reserves and revenue growth.
Mr Tinubu made this claim at the maiden State House Press Corps dinner held at the State House, Abuja, on Thursday.
“Nigeria today is undergoing one of the most ambitious periods of reform in its history. The difficult but necessary reforms undertaken by this administration are yielding results. Our economy is stabilising,” Mr Tinubu said.
Citing rising foreign reserves, Mr Tinubu said economic indicators are moving in the right direction through his government’s reforms.
“Public revenues have strengthened significantly. State governments are receiving substantially higher allocations to support development. Investor confidence is returning,” Mr Tinubu said.
The president added, “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. Through tax reforms, fiscal reforms, infrastructure investments, and improvements in the business environment, we are laying the foundations for a more competitive, productive, and prosperous economy.”
Meanwhile, Nigerians continue to lament unprecedented economic hardship under Mr Tinubu’s watch.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Economy
Banking, insurance shares lift stock market by N2 trillion
The Nigerian stock market gained N1.756 trillion on Monday, driven by sustained buying in banking, insurance and industrial stocks.

Health
Niger: NiCare enrols 121,000 vulnerable residents in insurance scheme
NiCare chief said the beneficiaries included 80,230 vulnerable persons enrolled in the Basic Health Care Provision Fund Vulnerable Group Programme.

World
Trump imposes additional 50 per cent tariffs on Canada
The tariffs will take effect 30 days after signing.

Anti-Corruption
Court orders EFCC to serve defence with Imoke’s summary of statement
The FCT High Court, Apo Division, has directed the Economic and Financial Crimes Commission to serve the defence with the summary of the statement of former Governor Liyel Imoke.

States
Gunshots rend air as NURTW factions clash over Osogbo motor park
The police command in Osun says it has restored normalcy in Osogbo after a clash between two factions of the National Union of Road Transport Workers (NURTW).

Sport
Bayelsa United resume training for NNL target NPFL return
Bayelsa United FC of Yenagoa resumed preparations for the 2026/2027 Nigeria National League season on Monday, aiming for promotion to the Nigeria Premier Football League.





