- the debt service-to-revenue ratio dropped from nearly 100 percent to below 50
- Oil production rose to 1.68 million barrels per day following better security coordination
- Tinubu’s recent reshuffle of Service Chiefs reflects efforts to curb banditry and insurgency
President Bola Ahmed Tinubu’s two years and five months in office have been defined by sweeping economic and governance reforms under his Renewed Hope Agenda. Since taking office on May 29, 2023, his administration has traded short-term hardship for what it calls sustainable fiscal recovery.
Eko Hot Blog gathered that Tinubu’s early decisions to remove fuel subsidies and unify exchange rates triggered initial economic pain but restored some fiscal discipline.
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In his reforms, Nigeria’s non-oil revenue has risen sharply, exceeding ₦20 trillion by August 2025, while the debt service-to-revenue ratio dropped from nearly 100 percent to below 50. The Naira has stabilized, backed by foreign reserves climbing to $42.03 billion in September 2025.
While Economic output is rebounding, with GDP growth reaching 4.23 percent in the second quarter of 2025. Oil production rose to 1.68 million barrels per day following better security coordination, and non-oil exports have kept Nigeria a net exporter for five consecutive quarters.
Despite these gains, inflation—driven by fuel and food costs—continues to pressure households. The government’s ₦330 billion social safety fund for eight million families has provided relief, though many citizens still struggle with rising prices.
In the security sector, Tinubu’s recent reshuffle of Service Chiefs reflects efforts to curb banditry and insurgency.
His government also pushed key structural changes, including the Electricity Act 2023, which decentralised power generation, and major infrastructure projects like the Lagos-Calabar Coastal Highway.
Tinubu’s 29 months mark a deliberate effort to secure Nigeria’s long-term stability and growth.
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