‎Tinubu-Led Reforms Strengthen Governance, Boost Investor Confidence

‎Tinubu-Led Reforms Strengthen Governance, Boost Investor Confidence – Bagudu
‎The discussion focused on how the reforms are stabilising the economy and improving coordination among Nigeria’s federating units
‎‎Bagudu noted that macroeconomic reforms introduced over the past two and a half years are already showing tangible results

‎Nigeria’s economic reforms are yielding positive results, strengthening governance and boosting investor confidence, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has said.

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‎Eko Hot Blog reports that on Wednesday during a meeting with officials from the Agence Française de Développement (AFD) Microeconomic Risk Analysis Due Diligence Mission, led by Country Director Mr. Jacky Amprou, Bagudu highlighted the progress of key reforms under President Bola Ahmed Tinubu’s administration.

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‎According to a statement by the Ministry’s Director of Information, Julie Osagie-Jacobs, the discussion focused on how the reforms are stabilising the economy and improving coordination among Nigeria’s federating units.

‎“The reforms have strengthened the federal system, enhanced collaboration among federal, state, and local governments, and improved cooperation between the executive and legislative arms,” Bagudu said. “The National Assembly has been supportive of the President’s bold economic initiatives.”

‎Bagudu noted that macroeconomic reforms introduced over the past two and a half years are already showing tangible results, including enhanced political cohesion, macroeconomic stability, and rising investor confidence. He emphasised that despite regional political tensions and challenging economic conditions, the government remains committed to implementing transformative measures.

‎Tinubu-Led Reforms Strengthen Governance, Boost Investor Confidence – Bagudu — Minister of Budget and National Planning, Atiku Bagudu

‎The Minister reiterated Nigeria’s vision of achieving a $1 trillion economy within five years through inclusive and decentralised growth. Central to this goal is the Renewed Hope Ward Development Plan, a grassroots initiative mapping the economic potential of Nigeria’s 8,809 wards to guide state and national development strategies. The plan prioritises agriculture, local production, value chains, and job creation to improve food security and household incomes.

‎Bagudu also underscored the government’s commitment to private-sector-led growth, noting that reforms aim to make Nigeria an attractive destination for both local and international investors despite global economic challenges and domestic revenue constraints.

‎“We recognise the short-term challenges of these reforms, but they are necessary, critical, and irreversible for Nigeria’s long-term stability and sustainable growth,” he added.

‎Mr. Jacky Amprou of AFD, speaking during the meeting, said the agency’s mission is conducting a comprehensive review of Nigeria’s macroeconomic and structural reforms. This assessment informs AFD’s future engagements and financing decisions.

He acknowledged that significant reforms since 2022 have reshaped Nigeria’s economic landscape and stressed the importance of consolidating these reforms for sustainable growth.

‎Also present, Dr. Deborah Odoh, Permanent Secretary of the Ministry, welcomed the delegation and stressed the need for alignment between AFD’s support and Nigeria’s 2026-2030 National Development Plan. She highlighted Nigeria’s appeal as a destination for investment and reiterated that international development support must reflect national priorities.

‎Both parties agreed that future AFD activities will strictly follow Nigeria’s development priorities. Discussions also covered plans for a new AFD–Nigeria Country Partnership Agreement, which will succeed the current five-year framework ending in 2025.