₦airaland Forum

President Bola Tinubu has outlined his achievements in office over the last two years, stating that he has not only improved security but also expanded the economy, with the country’s external reserves increasing by almost 500% from $4 billion in 2023 to over $23 billion by the end of 2024.

In a statement to celebrate his mid-term in office, the president also explained why his government removed fuel subsidies and devalued the naira.

The achievements claimed by Tinubu were, however, dismissed by opposition political parties, including Peoples Democratic Party, PDP,; Labour Party, LP; and Coalition of United Political Parties, CUPP, which described his government as the worst so far produced in the country.

Tinubu said: ”Two years ago, you entrusted me with the sacred responsibility to lead our nation at a time of historic challenges. Together, we have faced these headwinds with courage and determination

“The economic and general situation of the country I inherited required that we redirect the country’s affairs with a bold and new vision. I immediately implemented two necessary policies to stop our country from further drifting into the precipice.

“It was apparent that if the Federal Government and the other two tiers of government must remain viable and cater to the citizens’ welfare, we must do away with decades-long fuel subsidies and the corruption-ridden multiple foreign exchange windows. The two were no longer sustainable and have become a chokehold on our nation’s neck, strangling our nation’s future.

“While our administration has implemented reforms to restore and reinvigorate our national economy and strengthen our social fabric as a strong and united country, I must thank my fellow citizens for your unrelenting support and belief in the grand vision we share to uplift our nation and renew our collective hopes and aspirations.

‘’We are halfway through the journey that began 24 months ago. Today, May 29, 2025, offers our administration the opportunity to share again how far we have gone and our progress in steering our country along the critical path of socio-economic development.
‘’When we embarked on this journey, propelled by a burst of hope and abiding faith in Nigeria’s unity and progress, I made a pledge before God and fellow countrymen and women to confront Nigeria’s challenges head-on by rebuilding trust, fostering prosperity, and restoring our nation’s economic health.

“Today, I proudly affirm that our economic reforms are working. We are on course to building a greater, more economically stable nation.

“Under our Renewed Hope Agenda, our administration pledged to tackle economic instability, improve security nationwide, reduce corruption, reform governance, and lift our people out of poverty.

‘’While implementing the reforms necessary to strengthen our economy and deliver shared prosperity, we have remained honest by acknowledging some of the difficulties experienced by our compatriots and families. We do not take your patience for granted.

“I must restate that the only alternative to the reforms our administration initiated was a fiscal crisis that would have bred runaway inflation, external debt default, crippling fuel shortages, a plunging Naira, and an economy in a free-fall. Despite the bump in the cost of living, we have made undeniable progress.

“Inflation has begun to ease, with rice prices and other staples declining. The oil and gas sector is recovering; rig counts are up by over 400% in 2025 compared to 2021, and over $8 billion in new investments have been committed. We have stabilised our economy and are now better positioned for growth and prepared to withstand global shocks.

We’re on track

‘’In 2025, we remain on track with our fiscal targets. Gross proceeds per barrel from crude oil are broadly aligned with our forecasts as we intensify our efforts to ramp up production. Our fiscal deficit has narrowed sharply from 5.4% of GDP in 2023 to 3.0% in 2024.

“We achieved this through improved revenue generation and greater transparency in government finances. In the first quarter of this year, we recorded over N6 trillion in revenue.

“We have discontinued Ways and Means financing, which has been a major contributor to high and sticky inflation. The NNPC, no longer burdened by unsustainable fuel subsidies, is now a net contributor to the Federation Account. We are also achieving fuel supply security through local refining.

“Our debt position is improving. While foreign exchange revaluation pushed our debt-to-GDP ratio to around 53%, our debt service-to-revenue ratio dropped from nearly 100% in 2022 to under 40% by 2024. We paid off our IMF obligations and grew our net external reserves by almost 500% from $4 billion in 2023 to over $23 billion by the end of 2024.

‘’Thanks to our reforms, state revenue increased by over N6 trillion in 2024, ensuring that sub-national governments can reduce their debt burden, meet salaries and pension obligations on a timely basis, and invest more in critical infrastructure and human capital development.

“One of our administration’s most impactful achievements is our bold tax reform agenda, which is already yielding results. By the end of 2024, our tax-to-GDP ratio rose from 10% to over 13.5%, a remarkable leap in just one year.
“This was not by accident. It results from deliberate improvement in our tax administration and policies designed to make our tax system fairer, more efficient, and more growth-oriented.

Source: https://vanguardngr.com/Mid-term-Security-economy-improving-under-my-watch-Tinubu

Improved security and economy indeed. 😂
This man is either senile, delusional or just outright dishonest. Wawa!

..Thief'nubu..the fake guru strategist..who tamed the Atlantic ocean...that made stipend grabbers & snatchers live in awe, foolishness, propaganda & lies standing on a rickety manhood..

..bobo Chicago on the beat of lies, deceit & propaganda..

..lies, lies lies, more lies, continued lies to everlasting lies..what a liar from the pit of Iragbiji hell..

Despite huge funds budgeted on security, Boko Haram is yet to be eliminated. Herders still attack and kill people. Kidnapping all over the country. Exchange rate is still very high, and that's a major factor that determines economic situation. Cost of living for an average man is way higher than minimum wage. This present government needs to do much better in this two areas for it to be scored and rated well. For now, it's just on the average from what it inherited.

Tinumboo didnt say it

Not a single achievement talks about the welfare of the citizens. All he’s saying is revenue, tax, debt, loan.

You are a useless president.

Get out!!!

At least herdsmen crisis reduced in Southern party of the country in terms of security

Obviously, Tinubu needs medical checkup

Idiot

It's a SHAME. you got zero integrity old man

No sir, it got worse under your watch .

You're a failure. You don't deserve a second term.

The economy hasn't improved and insecurity bis worsening, let nobody deceive you

Lying with confidence...

Bat, the socio-economic conditions for the masses has not improved. They have seriously worsened.

Your self praise is like a man who is bragging that his has N1b in his bank account, has a beautiful house, he and the wife wear expensive outfits and they entertain guests in opulence... but his children have no food to eat, no clothes to wear and are in poor health without access to medical care.

All these are just grammar that will not fill the bowl of an average family at night
The biggest beneficiaries of the deformed reforms are the elites and politicians
The average man is left to struggle worse with daily living

Bros Tinubu nothing has improved so respect yourself.

Lols

If we ask them for evidence now, dem go tell us say price of rice don dey drop

Don't blame him. The speech was prepared by his handlers, he just read out what was given to him to Nigerians.

The welfare of Nigerians should be looked into, Mr president. People are dieing of starvation

How did you know? Why continuous borrowing? If the first borrowed worked why another one Iff the first borrowed didn't work, then why another borrowing

What kinda broad day lie is this? This Nigeria type of democracy no be am at all. Autocratic democracy wey person wey dey for power fit come out talk crap and the person won't be questioned, no litigation against the person's corrupt activities cos the person dey manipulate the judiciary.

Must be high

The economy is increasing only in ur pocket and for those sycophants,that protested against the removal of subsidy but supporting it now, because they are gaining from it

😂😂😂😂😁😂😂😁😂😂😁😂😂😁😁😂😁😁😂😂😁😂😁😂😂😁😂😁😂😂😁😁😂😁😁😂😁😁😂😁😁😂😂😁😁😂😁😁😂😁😂😂😁😁😂😂😁😁😂😁😁😁😂😁😁😁😂😁😁😂😂😂

May Mid-Term: Security, Economy Improving Under My Watch favor me and my family

Funny dude 😆😆😆😆

Okay naaa

You don't mean it...


How?

What about the Bomb blast in Abuja just days ago?

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