Tinubu’s Reform Agenda Targets Stronger, More Resilient Nigerian Economy

President Bola Ahmed Tinubu’s sweeping reform agenda is reshaping Nigeria’s economic direction, with the Federal Government pushing policies aimed at stabilising public finances, diversifying growth, and laying the groundwork for long-term prosperity.

At the centre of the reforms is a deliberate shift away from oil dependency toward non-oil sectors such as agriculture, manufacturing, and technology. The administration says broadening the economic base is critical to insulating the country from global oil price shocks while creating jobs and boosting domestic productivity.

Fiscal discipline has also emerged as a major pillar of the Tinubu administration. Government officials note that efforts are underway to significantly reduce Nigeria’s debt service-to-revenue ratio, which previously stood at about 97 per cent, to below 50 per cent. This is being pursued alongside aggressive revenue mobilisation measures to strengthen government finances and improve service delivery.

One of the most consequential decisions of the administration remains the removal of fuel subsidies, a policy that had cost the country trillions of naira annually. The government maintains that savings from the subsidy removal are being redirected into infrastructure, social services, and targeted interventions for vulnerable citizens, marking a major reallocation of public resources.

Infrastructure development features prominently in the reform agenda, particularly in transportation and energy. Ongoing and proposed projects include the Lagos–Calabar Coastal Highway and the Sokoto–Badagry Superhighway, alongside expanded rail and inland water transport networks. In the power sector, the government is working to boost electricity generation and improve distribution to support industrial growth and small businesses.

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On the social front, increased funding for education has been complemented by the introduction of a student loan scheme designed to expand access to tertiary education. In healthcare, the administration says it is investing in infrastructure and services to improve outcomes nationwide. Social safety nets have also been strengthened, with funds disbursed to vulnerable households to cushion the effects of economic adjustments.

Security and governance reforms are equally central to the economic strategy. The government has intensified efforts to tackle kidnapping, banditry, and insurgency, recognising that stability is essential for investment and growth. In addition, renewed emphasis on local government autonomy is aimed at deepening grassroots development and improving governance outcomes.

Taken together, the Tinubu administration argues that these reforms represent difficult but necessary steps to rebuild confidence, unlock growth, and position Nigeria’s economy on a more sustainable path.