As Nigeria marks the second anniversary of President Bola Ahmed Tinubu’s administration, the nation reflects on major strides in economic reform, infrastructure development, and national renewal under the Renewed Hope Agenda.
Bold Reforms for Economic Stability
Upon taking office, President Tinubu faced deep-rooted challenges. His swift removal of fuel subsidies and unification of the foreign exchange market marked a turning point. These tough but necessary reforms have helped stabilize the economy, ease inflation, and attract over $8 billion in oil and gas investments.
Government revenue has surged, with ₦6 trillion generated in Q1 2025 alone. The fiscal deficit has dropped from 5.4% in 2023 to 3.0% in 2024. Foreign reserves grew from $4 billion to $23 billion, while the tax-to-GDP ratio improved to 13.5%.
Empowering Citizens and Businesses
New tax policies now exempt essential goods and services—like food, healthcare, and education—from VAT, easing the burden on low-income Nigerians. A friendlier tax environment is helping MSMEs and digital workers thrive, while targeted incentives support agriculture, tech, and manufacturing.
Investing in Security and Human Capital
The administration has revitalized over 1,000 Primary Health Centres, expanded health insurance to 20 million people, and launched new maternal health and cancer treatment programs. Insecurity is being tackled through improved inter-agency coordination and better support for the armed forces.
Infrastructure, Energy & Youth Innovation
Road projects span all regions, including the Lagos-Calabar Coastal Highway and Abuja-Kaduna-Zaria-Kano Road. The government is also investing in off-grid solar power, mechanized farming, and food security.
Youth-focused programs like Innovate Naija and NASENI initiatives are driving innovation—building electric vehicles, diagnostic kit factories, and training young engineers.
Looking Ahead
President Tinubu reaffirmed his vision for a stronger, more inclusive Nigeria. “The worst is behind us,” he declared, as the country prepares to host the Motherland Festival—a global celebration of Nigerian culture, creativity, and diaspora engagement.
