President Bola Tinubu has expressed confidence that Nigeria’s economy is on a path of steady growth, stating that the reforms introduced by his administration over the past three years are beginning to yield meaningful results. Speaking during a meeting with a delegation from Deloitte Africa at the State House in Abuja, the President said the country was making significant foundational progress despite the challenges and sacrifices associated with the reform process.
Tinubu acknowledged that economic reforms often come with short-term difficulties but insisted that they remain necessary for long-term prosperity. According to him, the administration’s revenue and fiscal reforms are helping to stimulate economic growth, strengthen government finances, and position Nigeria for greater competitiveness on the global stage. He described the process as “taking bitter medicine,” noting that while the reforms may be tough, they are producing positive outcomes for the economy.
The President also highlighted how the changes implemented by his government have helped reposition key financial institutions and improve the nation’s revenue systems. Reflecting on his background in accountancy, Tinubu praised Deloitte’s legacy of professional development and encouraged the firm to play a more active role in Nigeria’s growth journey by expanding training and employment opportunities for the country’s growing youth population.
Deloitte Africa’s Chief Executive Officer, Ruwayda Redfearn, commended the administration’s reform agenda and reaffirmed the firm’s readiness to support Nigeria’s development goals. She noted that Deloitte, which employs more than 500,000 people globally and generated $74 billion in revenue in 2025, is prepared to deploy both its local and international expertise to assist the government in driving sustainable economic transformation and delivering measurable results.
Also speaking at the meeting, Deloitte West Africa CEO Yomi Olugbenro said the administration had laid a solid foundation for economic progress but stressed that the next challenge would be ensuring that the benefits of the reforms reach ordinary Nigerians. He emphasized the importance of translating policy achievements into improved living standards and stronger economic opportunities for citizens. Finance Minister Taiwo Oyedele echoed the call for greater investment in youth development, describing capacity building as one of the most valuable contributions to Nigeria’s long-term economic future.
source: punch
