Presidency Releases List of 12 Gains of Tinubu’s Economic Reforms
- Presidential aide, Sunday Dare, has listed 12 gains of President Bola Ahmed Tinubu’s economic reforms
- Tinubu's Special Adviser, Media and Public Communication, said Nigeria’s economy was at a breaking point before May 2023
- Dare said Nigeria faced unsustainable fiscal practices, declining production, and rising poverty when Tinubu assumed office in 2023
Legit.ng journalist Adekunle Dada has over 8 years of experience covering metro, government policy, and international issues
FCT, Abuja - The presidency has released a list of 12 gains of President Bola Ahmed Tinubu’s economic reforms after assuming office on May 29, 2023.
The Special Adviser, Media & Public Communication/Spokesperson to President Tinubu, Sunday Dare, said the President introduced bold reforms to restore stability following the unsustainable fiscal practices, declining production, and rising poverty.
Source: Facebook
Dare said while the process is painful, it is already yielding measurable results.
In a post shared via his X handle @SundayDareSD on Thursday, October 2, 2025, he listed the
12 gains of Tinubu’s economic reforms
1. Balance of Trade & Payments
Nigeria now records a trade surplus, easing pressure on external accounts. Had reforms not been introduced, the deficit would only have deepened, leaving the economy in a state of worsening imbalance.
2. Exchange Rate
The exchange rate has been unified, narrowing the gap and reducing uncertainty. Without this adjustment, the parallel market premium would have widened further, undermining economic credibility.
3. Foreign Exchange Reserves
Reforms have since cleared FX forwards, rebuilt reserves to over $23 billion, and restored confidence by allowing FX access even on naira cards.
4. Tax-to-GDP & Debt Service
Today, reforms have lifted the tax-to-GDP ratio above 15 percent, while debt service has fallen below 50 percent of revenue.
5. Subsidy and Product Supply
Without reforms, the subsidy system would have collapsed on its own, leaving citizens to suffer acute scarcity without relief.
6. Budget Deficit & Capital Spending
If reforms had not been carried out, the deficit would have ballooned further, and capital spending would have disappeared almost completely.
7. Ways and Means Financing
Had nothing been done, overdrafts would have spiraled above ₦50 trillion, pushing Nigeria into a debt crisis of unprecedented proportions.
8. Oil and Gas Production
Without reforms, oil and gas production would have remained encumbered, starving the economy of foreign exchange and the government of revenue.
9. Policy Environment
Without reforms, policy uncertainty would have deepened, leaving Nigeria unattractive to both local and foreign investors.
10. Inflation & Interest Rates
Without reforms, Nigeria would have faced hyperinflation and punishingly high interest rates that would cripple industry and households alike.
Source: Facebook
11. Poverty and Jobs
Without reforms, poverty would have deepened further, and more Nigerians would have lost their livelihoods.
12. Public Financial Management
Without reforms, inefficiency would have persisted, pushing Nigeria toward fiscal collapse and undermining all prospects for growth.
Tinubu: N330bn disbursed to 8 million poor households
Recall that President Tinubu explained how his government has been supporting poor households and vulnerable Nigerians.
Tinubu said his administration has disbursed nothing less than N330bn to eight million households across the nation.
The President explained how the disbursement has been going on under the Federal Government’s social investment programme.
Tinubu's achievement that will earn him 2nd term
In a previous story, Legit.ng reported that Philip Agbese said President Tinubu’s reforms in the telecommunications sector could secure him a second term in office.
The deputy spokesperson of the House of Representatives described the sector as a “success story,” citing the NIN-SIM linkage, broadband expansion, among others.
Agbese praised regulators and telecom companies for progress in service delivery, but urged deeper rural investments and policy stability.
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Source: Legit.ng
