President Bola Tinubu on Wednesday said Nigeria\u2019s economy was making serious foundational progress despite the difficulty of the reforms his administration had pursued over three years.\n<\/p>\n
Tinubu also received commendations from the leadership of Deloitte Africa for the financial and fiscal reforms his administration has pursued over three years.\n<\/p>\n
Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed this in a statement he signed Wednesday titled \u2018Our Economy Is On Steady Growth, Says President Tinubu To Deloitte Africa.\u2019\n<\/p>\n
Tinubu gave the assurance when he received a delegation from Deloitte Africa, led by its Chief Executive Officer for Africa, Ruwayda Redfearn, at the State House, Abuja.<\/p>\n
The meeting was also attended by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Chairman of the Nigerian Revenue Service, Zacch Adedeji.\n<\/p>\n
The President defended the pace and direction of the reforms while acknowledging their difficulty.\n<\/p>\n
He said, \u201cYes, reforms are difficult. It has not been a McDonald\u2019s customer relationship but a harvester of good things, if implemented well, and that is what we are about.<\/p>\n
\u201cThe reforms on revenue will continue to stimulate growth. And the effect of the reform? Yes, some issues are difficult, taking the bitter medicine, but it is working well.\n<\/p>\n
\u201cFor the economy, Nigeria is making serious foundational progress.\u201d\n<\/p>\n
Tinubu argued that his reforms had stimulated the economy, strengthened the fiscal and revenue sectors, repositioned financial institutions and prepared the country to be more globally relevant and competitive.\n<\/p>\n
He also drew on his own professional history with the firm, describing his formative years in accountancy as connected to the Deloitte tradition.\n<\/p>\n
\u201cThe family of Deloitte, you just reminded me of my cradle years in accountancy and where I cut my childhood accounting teeth in Chicago. <\/p>\n
\u201cDeloitte has a good training programme, and I believe you will continue to reflect that,\u201d he said.\n<\/p>\n
The President urged the firm to deepen its impact in Nigeria by actively training and recruiting from the country\u2019s large youth population, framing the request as an opportunity for Deloitte to invest in the human capital pipeline that would sustain Nigeria\u2019s long-term competitiveness.<\/p>\n
Redfearn said the firm, which employs over 500,000 people globally including more than 6,000 across Africa and recorded revenue of $74bn in 2025, was ready to commit its full capabilities to supporting the administration.\n<\/p>\n
\u201cWe are before you to say that we want to serve. We have a local team on the ground that is ready, as well as the global firm, to support you and support your administration as you lead the country,\u201d she said.\n<\/p>\n
The Chief Executive Officer of Deloitte West Africa, Yomi Olugbenro, said the firm believed the groundwork laid by the administration\u2019s reforms was solid but that the more urgent task was now translating those gains into tangible outcomes for ordinary Nigerians.\n<\/p>\n
\u201cWe do what we do because of the philosophy that our Africa CEOs talk about, making an impact that matters.\n<\/p>\n
\u201cWhere we are at the moment, we believe that the ground has been solidly laid. There is a need to truly extract more value and deliver the dividends of democracy to ordinary Nigerians on the street.\n<\/p>\n
\u201cThe bigger work is really about how to cascade some of those big reforms further down,\u201d he said.\n<\/p>\n
He assured the President of the firm\u2019s readiness to draw on its global experience of supporting national economic transformations.<\/p>\n
Olugbenro said, \u201cWe have use cases, examples, experiences of how we supported nations all around the world, so Nigeria will definitely benefit from those experiences.\n<\/p>\n
\u201cThat is why we are here, and we welcome the invitation as to where exactly you want us to support you.\u201d\n<\/p>\n
Oyedele, who spoke on the administration\u2019s reform record and its macroeconomic impact, echoed the President\u2019s call by urging Deloitte\u2019s leadership to prioritise youth capacity building as the most consequential investment the firm could make in Nigeria\u2019s future.<\/p>\n","protected":false},"excerpt":{"rendered":"President Bola Tinubu on Wednesday said Nigeria\u2019s economy was making serious foundational progress despite the difficulty of the…\n","protected":false},"author":2,"featured_media":693648,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,230792,62,230793,1294,105403,159279,207637,141654,138730,145370,230794,56,54,55],"class_list":["post-693647","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-deloitte-africa","tag-economic-growth","tag-economic-progress","tag-economy","tag-financial-reforms","tag-fiscal-reforms","tag-nigeria-development","tag-nigeria-economy","tag-nigerian-government","tag-president-tinubu","tag-tinubu-reforms","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/693647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=693647"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/693647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/693648"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=693647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=693647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=693647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}