About President Bola Ahmed Tinubu
ACHIVEMENTS OF PRESIDENT BOLA AHMED TINUBU (GCFR)
Bola Ahmed Tinubu has highlighted several achievements since assuming office in May 2023. Some of his key achievements include reforms in the economy, infrastructure, security, and social investment programs.
Economic Reforms
- Removal of fuel subsidy aimed at reducing government spending and freeing funds for development projects. Supporters say this increased revenue available to states and the federal government.
- Foreign exchange reforms including exchange-rate unification intended to attract investors and stabilize the financial system.
- Increase in foreign reserves and revenue generation. The administration reported improved non-oil revenue and stronger reserves.
- Tax and fiscal reforms designed to improve government income and reduce dependence on oil revenue.
Infrastructure Development
- Ongoing work on major road projects such as the Lagos–Calabar Coastal Highway and other federal highway projects intended to improve transportation and trade.
- Increased emphasis on public-private partnerships (PPP) for infrastructure, energy, ICT, and transportation projects.
- Continued investment in the power sector and electricity market reforms.
Social and Business Support
- Expansion of loan and support schemes for small businesses, students, and entrepreneurs through agencies like the Bank of Industry.
- Increased allocations to state governments through FAAC after fiscal reforms.
Security and International Relations
- Joint counter-terrorism operations with international partners against insurgent groups in northern Nigeria.
- Efforts to improve Nigeria’s international economic standing and attract foreign investment.
Economic Indicators Mentioned by the Administration
The administration has also pointed to:
- GDP growth improvements
- Reduced debt-service pressure
- Growth in non-oil exports
- Improved trade balance figures
