Group lauds Tinubu’s economic reforms
Reforms
By Dorcas Jonah
The Hope Alive Initiative, an NGO, has commended President Bola Tinubu’s economic reforms, attributing Nigeria’s recent robust economic growth to these initiatives.
The group gave the commendation in a statement by its Director of Press, Ernest Omoarelojie, on Wednesday in Abuja.
Omoarelojie cited from the National Bureau of Statistics (NBS) showing a year-on-year Gross Domestic Product growth of 4.23 per cent in the second quarter of 2025.
He said that the data was a confirmation that the administration’s reforms were yielding results.
According to him, before President Tinubu assumed office in 2023, the economy was in dire straits, weakened by unsustainable fuel subsidies.
“Some bold policy measures, including the removal of petrol subsidy, unification of the foreign exchange market, fiscal consolidation and social interventions have now begun to turn the tide,” he said.
He listed some notable gains of the Tinubu administration to include
GDP growth of 4.23 per cent in Q2 2025 compared to 3.48 per cent in Q2 2024.
“Others are external reserves: now at 42 billion dollars, boosting investors confidence and stabilising the Naira.
”Inflation has declined consistently in six months with projections for single-digit levels by 2026, ” he said.
Omoarelojie said that Nigeria’s aggregate GDP, now N100.73 trillion (up from N84.48 trillion the previous year), reflected a tectonic shift towards a more diversified and sustainable economy.
He urged Nigerians to support the administration, avoid distractions, and remain confident in the country’s economic direction.
“Nigeria is not just recovering—it is rising,” said.(NAN)(www.nannews.ng)
Edited by Kadiri Abdulrahman
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