President Bola Ahmed Tinubu has highlighted key economic milestones attained under his administration, as part of the country’s 65th Independence anniversary celebrations.
The President outlined 12 major achievements, stressing that ongoing reforms are restoring fiscal stability, boosting investor confidence, and laying the foundation for long-term growth.
According to Tinubu, the milestones include:
- Record-breaking increase in non-oil revenue.
- Restoration of fiscal health, with reduced debt service-to-revenue ratio.
- Stronger foreign reserves and increased tax-to-GDP ratio.
- Expanded export drive, strengthening the naira and creating jobs.
- Increased oil production to 1.6 million barrels per day, with progress in domestic refining.
- ₦330 billion social investment programme targeting poor households.
- Significant rise in coal mining activities.
- Expansion of rail, road, air, and sea transport infrastructure.
- Improved sovereign credit rating, buoyed by oil stock market growth.
- The Central Bank’s first interest rate slash in five years.If You’re Reading From Phoenix Click On Read Original at the top To Read Full Article
President Tinubu said these achievements reflect his administration’s commitment to building a stronger economy anchored on transparency, fiscal discipline, and inclusive growth.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
