Nigeria’s economy on steady growth path, Tinubu tells Deloitte

President Bola Tinubu on Wednesday said Nigeria’s economy is on a steady growth path, declaring that the financial and fiscal reforms introduced by his administration over the past three years have begun to stabilise the economy and lay a stronger foundation for future development.

The President spoke at the State House in Abuja while receiving a delegation from Deloitte Africa led by its Chief Executive Officer, Ruwayda Redfearn, who commended the administration’s reform agenda and pledged the firm’s support for investment, youth capacity building and job creation.

Tinubu acknowledged that the reforms had imposed short-term hardships but insisted they were yielding positive results.

“We are following the example of Deloitte’s greatness to change things from the foundation, building the necessary future for our people,” he said.

“Yes, reforms are difficult. It has not been a McDonald’s customer relationship but a harvester of good things, if implemented well, and that is what we are about.”

The President said ongoing fiscal, revenue and tax reforms had strengthened public finances, repositioned financial institutions and enhanced Nigeria’s competitiveness.

“The reforms on revenue will continue to stimulate growth. Some issues are difficult because people have to take the bitter medicine, but it is working well. For the economy, Nigeria is making serious foundational progress,” Tinubu said.

He urged Deloitte Africa to deepen its contribution to Nigeria’s economy by expanding youth training and recruitment programmes, noting the country’s growing population of young people.