President Bola Tinubu on Thursday claimed Nigeria’s economy is stabilising under his watch, citing rising foreign reserves and revenue growth.
Mr Tinubu made this claim at the maiden State House Press Corps dinner held at the State House, Abuja, on Thursday.
“Nigeria today is undergoing one of the most ambitious periods of reform in its history. The difficult but necessary reforms undertaken by this administration are yielding results. Our economy is stabilising,” Mr Tinubu said.
Citing rising foreign reserves, Mr Tinubu said economic indicators are moving in the right direction through his government’s reforms.
“Public revenues have strengthened significantly. State governments are receiving substantially higher allocations to support development. Investor confidence is returning,” Mr Tinubu said.
The president added, “Our foreign reserves have improved considerably. The oil and gas sector is attracting renewed investment. The stock market has witnessed remarkable growth.
“Key economic indicators are moving in the right direction. Through tax reforms, fiscal reforms, infrastructure investments, and improvements in the business environment, we are laying the foundations for a more competitive, productive, and prosperous economy.”
Meanwhile, Nigerians continue to lament unprecedented economic hardship under Mr Tinubu’s watch.