₦airaland Forum

Bayo Onanuga highlights the impacts of the reforms being carried out by this administration.

STATEHOUSE STATEMENT

President Tinubu's Policy Reforms Responsible for Strong Corporate Performance

The strong financial performance recorded by many of the companies listed on the Nigerian Exchange in the first half of 2026 is attributable to several key economic reforms implemented by President Bola Ahmed Tinubu’s Administration since mid-2023.

One of these significant reforms was the unification of the foreign exchange market.

By establishing a single, market-determined exchange rate, the reform improved price discovery and enabled companies with substantial foreign currency exposure to more accurately reflect the value of their dollar-denominated revenues in their financial statements.

This has been particularly beneficial for export-oriented and foreign exchange-earning businesses such as Aradel Holdings and Seplat Energy, whose revenues are largely linked to international oil prices and settled in foreign currency.

The Tinubu administration’s commitment to strengthening investor confidence in the energy sector was further demonstrated through the timely approval of several landmark upstream transactions. Among the most notable approvals was the Renaissance Africa Energy consortium’s acquisition of Shell Petroleum Development Company (SPDC) assets, of
which Aradel Holdings is a consortium member. Another was the approval of Seplat Energy’s acquisition of the assets of Mobil Producing Nigeria Unlimited (MPNU).

These strategic approvals significantly expanded the reserve base, production capacity, and long-term growth prospects of both companies while removing regulatory uncertainty surrounding two of the largest transactions in Nigeria’s upstream oil and gas industry.

By facilitating the transfer of mature onshore assets to well-capitalised indigenous operators, the administration strengthened investor confidence, accelerated domestic participation in the petroleum sector, and positioned both Aradel and Seplat to capture higher production
volumes, stronger revenues, and improved earnings before tax.

President Tinubu's approval of Naira payment for crude, a policy that some other African countries have adopted, has also supported local refining capacity, such that Dangote Refinery has become a net exporter of PMS and Aviation fuel.

Manufacturing and industrial companies similarly benefited from improved access to foreign exchange and a more predictable currency market.
Firms such as Dangote Cement, BUA Cement, and HBM (formerly known as Lafarge Africa) have been able to plan production, procure imported inputs more efficiently, and allocate capital with greater certainty under a unified exchange rate framework. Improved foreign exchange availability has reduced operational bottlenecks, strengthened supply chain planning, and supported higher production volumes, contributing to stronger revenue growth and improved profitability.

Complementing the foreign exchange reforms was the removal of the petrol subsidy, which significantly strengthened the government’s fiscal position. The resulting improvement in public finances has increased fiscal capacity for infrastructure investment, enhanced revenue mobilisation, and reinforced broader macroeconomic stability. These developments have created a more supportive operating environment for large-scale businesses by improving investor confidence and strengthening expectations of long-term economic sustainability.

Tighter monetary management and ongoing financial sector reforms have contributed to a more stable macroeconomic environment. Greater exchange rate stability, moderating inflationary pressures, and improving liquidity conditions have enhanced business confidence, allowing companies to make longer-term investment decisions with greater certainty.

Banking sector recapitalisation has strengthened the financial system’s capacity to support large-scale corporate financing. At the same time, ongoing tax reforms aimed at simplifying administration and broadening the revenue base have improved the overall business climate and reduced structural inefficiencies.

Taken together, these reforms have enhanced the operating environment for capital-intensive and export-oriented firms by improving market efficiency, strengthening macroeconomic stability, increasing investor confidence, and facilitating more efficient capital allocation. The resulting improvements in operational efficiency, financial transparency, and investment planning provide a clear economic explanation for the substantial increases in both revenue and earnings before tax recorded by many of the companies listed on the Nigerian Exchange.

Rather than reflecting isolated firm-level developments, these results illustrate how comprehensive structural reforms can translate into measurable improvements in corporate financial performance through stronger market fundamentals and a more predictable business environment.

Bayo Onanuga
Special Adviser to the President,
(Information and Strategy)
August 5, 2026

Though not always all the time but in most cases.

According to Statista:


Nigeria's most educated regions are the South East and South West, both boasting adult literacy rates often exceeding 80–90%.

According to the Statista Literacy Rate in Nigeria data, the South West leads with an 89% male and 80.6% female literacy rate, while the South East closely follows with 86.7% and 79.3%, respectively.

You can have one CV and formatted resume for different positions

David Mark's faction made a legal blunder that is causing all these brouhahas. Instead of going before the high court to prove why the order should not be granted, they went straight to the appeal court. When the appeal court dropped the gavel against them, they started blaming INEC and APC.

Now they can continue to whip up sentiments for those who are not learned in these gimmicks of calling a dog a bad name or making a scapegoat for their blunders.

This is how some lawyers will push politicians to make mistakes. You are appealing what has not been ruled upon.

It was an invitation to show the court why something should be or not. Yet they will go about whipping up sentiments because they know many are uneducated about these things.

Wizkid and Tems' song Essence is featured in the new Keke Palmer's series The Burbs.

https://www.instagram.com/p/DU3P0HYCPzK/?igsh=ZjFkYzMzMDQzZg==

https://fb.watch/F9B2G_71Kn/


I think this project will be fully executed by next year. They have started the Calabar section of the highway.

This is a violation of their rights and the governor should do something about it.
This country is a secular state and this must be respected.

Everyone should be allowed to practice the kind of religion that favours them.

There is a video being circulated on the social about multiple taxes of the poor in the informal sector under Peter Obi.

I have not fact checked the video. This is it under:

https://www.facebook.com/share/v/1YSP8QNXWA/

Zocalite:
All what you will receive or gain in your life, will be fashion like tinubu student loan

That is where your mentality is totally flawed. That I don't like what you like should make you spit your vituperation. Stay on lane. Your guys have to learn to tolerate dissenting views.

Chetas81:
FRAUDULENT POST, CHINA SHOULD BE IN FIRST OR SECOND POSITION,

China is number two now that is as at 2025.

They can continue to criticize PBAT but I.will forever remember him as the President that initiated Student Loan and implemented it successfully.

Kemi Adeosun, former Minister of Finance, is doing great things with her Dash Me project. She has stores in both Abuja and Lagos. She has been shipping used items for people who need them in Nigeria.

https://www.instagram.com/reel/DSNQUKODAnL/?igsh=YzljYTk1ODg3Zg==

Haven't they been released?

This post seems stale.

She should have told them and see whether they would come back.
Some do it intentionally.

nairalandankrah:
https://www.premiumtimesng.com/regional/nwest/817663-sokoto-govt-introduces-allowances-for-imams-monthly-cash-allocations-to-mosques.html

Is this not anti 1999 constitution that says Nigeria is a secular state?

Tijani009:
As the first to comment, I would say this is a great achievement, an achievement many have longed for, so I will say thanks to my parents, and family, that you Mtn,glo for being there for me, and to my ex girlfriend, who said I will never achieve anything in life as you can see this is the first of many more achievements, and with this can would say the goal of 2025 was achieved , I love you all

You clock it though this is an old story.

An Igbo chief reiterated that Justice Omotosho was lenient and nice with Mazi Nnamdi Kanu.

He also said that Ojukwu regretted the war happened at all.


https://www.youtube.com/watch?v=SpdEMaYc1hE?si=lAtzxqkgPB08iciT

mrvitalis:
Lmaooo you change the metrics to measure inflation then say you improved it

Una no get school that side?

In calculating the GDP and inflation rate, there is always a base year that the current year will be rated against. This base year was changed to meet the current situation of things in Nigeria. We cannot be using a base year of about ten years ago.

President Tinubu approved a Nigeria-US tag team to fight terrorism in Nigeria.


https://www.youtube.com/watch?v=JXpru6mZHuM?si=v3NSd-GtYwfD8NKE

This man claimed he was right there when Senator Ned Nwoko slapped Regina Daniels. He said he used to work for them. Can anyone confirm this?


https://www.facebook.com/share/1B2tMpGK1z/

jchioma:
You got a video on X but you are directing us to your page on Facebook? Nor allow thund.er striike dat ya page dis Sunday o!

It was edited later. Check it again.

Got this video on X this morning, Regina is seen begging the husband. Perhaps everything was a media stunt.

I have not been able to verify it.

Video of Regina Daniel’s pleading with her husband, please watch this video very well and tell me what you noticed. We suppose don know say the matter go sup. pic.twitter.com/rcdHEZpl7g

— honest30bgfan (@honest30bgfan_) October 18, 2025

Variables:
It is a lie, Ghana have 24/7 electricity .
They can't buy solar

Ghana battles with rural electrification

Envy, jealousy and hatred even from people that were close to him.

He lived his life and delivers his lyrics with so much passion they could cut through one's heart.

He is so poetic that makes his songs still relevant till today. He was the face of the poor and the downtrodden. He felt the pain and struggles of his single mother and he put them in his songs

May his soul rest in peace!

Tinubu said he invested 4 billion into Econet and got back 19 billion.
He brought IPP and Enron and broke the monopoly of Lagos.
Watch the video below.

https://www.facebook.com/share/v/16owSwBgiD/

The Minister of Works, David Umahi challenges Peter Obi in the video below. "On performance measurement for the South East and for my state, I should be the one to be the South East President," he implied.

https://www.facebook.com/share/v/1AzRircSkj/

Spandau:
Don't tell me you believed that

I quoted from the story.

The governor of Niger state was captured dancing to the song 'Tinubu Omo Ologo.'

https://www.facebook.com/share/r/19RVQ8TNDb/