Economic Reforms Are Working, Nigeria on Growth Path

Economic Reforms Are Working, Nigeria on Growth Path – Tinubu
Hails Fiscal Reforms, Says Economy Becoming More Competitive
Seeks Deloitte Support to Drive Youth Employment, Economic Growth

President Bola Tinubu has declared that Nigeria’s economy is making steady progress more than three years into his administration, attributing the improvement to ongoing financial, fiscal and revenue reforms.

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Eko Hot Blog reports that the President made the remarks on Wednesday while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda Redfearn, at the State House, Abuja.

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Tinubu said his administration’s reforms have strengthened the country’s fiscal and revenue systems, repositioned financial institutions and laid a solid foundation for sustainable economic growth.

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

“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 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 said.

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Tinubu noted that the reforms have helped stimulate economic growth while preparing Nigeria to become more globally competitive.

He also urged Deloitte Africa to deepen its contribution to the Nigerian economy by investing in the training and recruitment of the country’s youthful population.

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

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who also attended the meeting, encouraged Deloitte to focus on youth capacity development as part of its engagement with Nigeria.

Speaking on behalf of the firm, Deloitte Africa CEO, Ruwayda Redfearn, commended the Tinubu administration’s reform agenda and pledged the company’s support in driving investment, digital transformation, youth development and economic growth.

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

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

Chief Executive Officer of Deloitte West Africa, Yomi Olugbenro, also reaffirmed the firm’s commitment to supporting Nigeria’s reforms, saying the company would leverage its global expertise and experience to help deliver the benefits of the government’s economic transformation agenda.