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Tinubu Says Economy Is ‘Turning the Corner,’ Defends Tough Reforms
President Bola Tinubu has said that Nigeria’s economy is gradually recovering, crediting his administration’s tough economic decisions for what he described as early signs of progress.
Speaking during a visit to Katsina over the weekend, the President acknowledged that the early months of his tenure were rocky but insisted the nation is beginning to see results from reforms that were necessary, even if unpopular.
“Nigeria is a success. The economy is turning around. It has bent the corner,” Tinubu said. “When we started, it was challenging. I almost stopped watching the news or reading the papers—I just stayed focused and committed to the choices we made because strong leadership means making the hard calls at the right time.”
Since assuming office in May 2023, Tinubu’s administration has introduced sweeping reforms, including the removal of the fuel subsidy and unification of exchange rates. While these moves were initially met with public frustration due to rising costs of living, the President said they were critical steps in stabilizing the economy.
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“We took the decisions, we stood by them, and they’re beginning to bear fruit,” he told the crowd in Katsina.
Watch video below…