By Admin
President Bola Ahmed Tinubu has reeled out key achievements of his administration as it marks two years in office, citing significant progress in economic reform, infrastructure development, national security, and youth empowerment.
In a statement released by the Presidency on Wednesday, Tinubu detailed a broad range of accomplishments across critical sectors, aimed at stabilizing Nigeria’s economy and strengthening governance.
Economic Reforms and Foreign Investment
The President revealed that his administration had cleared over $10 billion in foreign exchange liabilities, a move that helped restore investor confidence and stabilize the naira. As a result of broad reforms, Net Foreign Exchange Reserves rose from $3.99 billion in 2023 to $23.11 billion by 2024.
Foreign interest in Nigeria’s economy has surged, with the government securing over $50 billion in new Foreign Direct Investment (FDI) commitments, and unlocking more than $8 billion in new oil and gas investments. The mining sector has also seen growth, with over $800 million in processing investments realized in solid minerals in 2024 alone.
“These figures reflect our dedication to restoring Nigeria’s economic strength and global reputation,” the President stated.
Infrastructure and Development
The administration has embarked on a massive infrastructure drive, with over 440 ongoing road projects nationwide, including the construction of more than 2,700 kilometers of superhighways. Tinubu also highlighted legislative milestones, including the passage of four landmark Tax Bills and the establishment of five new Regional Development Commissions to spur growth in underdeveloped zones.
Youth Empowerment and Education
On social welfare, Tinubu said over 900,000 Nigerians have benefited from the Presidential Loan and Grant Scheme, while another 300,000 students have accessed the Students’ Loan Scheme, aimed at widening access to higher education and entrepreneurship funding.
Economic Indicators
The President noted that the economy recorded a 3.84% GDP growth in Q4 of 2024, the highest quarterly growth Nigeria has seen in the past three years. He also reaffirmed the implementation of a N70,000 minimum wage payment structure, which was introduced to cushion the effects of subsidy removal and inflation.
National Security
In the area of security, Tinubu stated that over 13,500 terrorists have been eliminated through sustained military campaigns across the North-East and other hotspots. He commended the Nigerian Armed Forces for their sacrifice and renewed commitment to securing the country.
Outlook
The President described the achievements as evidence of “steady and impactful progress” despite a challenging global environment. “While there is still work to be done, the foundation for a prosperous and secure Nigeria has been firmly laid,” Tinubu concluded.
The administration’s two-year mark comes amid a mix of praise and scrutiny from citizens and stakeholders, with many watching closely to see how the outlined gains will translate into long-term transformation.
