President Bola Tinubu has again defended reforms rolled out by his administration and insisted that they are yielding results.
The former Lagos State governor spoke on Thursday during the maiden State House Media Dinner in Abuja.
According to him, while the reforms were “difficult steps”, the results so far show that things have improved, with “investor confidence” in the country returning.
“The difficult but necessary reforms undertaken by this administration are yielding results. Our economy is stabilising. Public revenues have strengthened significantly,” Tinubu told the gathering.
“State governments are receiving substantially higher allocations to support development. Investor confidence is returning.
“Our foreign reserves have improved considerably. The oil and gas sector is attracting renewed investment. The stock market has witnessed remarkable growth. Key economic indicators are moving in the right direction. Through tax reforms, fiscal reforms, infrastructure investments, and improvements in the business environment, we are laying the foundations for a more competitive, productive, and prosperous economy.”
