ABUJA — President Bola Tinubu has declared that Nigeria is making significant foundational progress, stating that his administration’s fiscal, tax and revenue reforms are laying the groundwork for sustainable economic growth despite the challenges associated with their implementation.
The President made the remarks on Wednesday while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda Redfearn, at the Presidential Villa, Abuja.
Tinubu acknowledged that the reforms introduced by his administration had required difficult decisions but maintained that they were already producing positive outcomes for the country’s economy.
According to him, the administration remains focused on rebuilding Nigeria’s economic foundation through strategic reforms designed to strengthen public finances, improve revenue generation and create long-term prosperity.
“We are changing things from the foundation and building the future that Nigerians deserve. Reforms are never easy, and the sacrifices required may seem difficult at first, but they are necessary for sustainable growth. Our revenue reforms will continue to stimulate economic expansion, and the results are already becoming evident,” the President said.
He added that the reforms had strengthened Nigeria’s fiscal framework, repositioned financial institutions and enhanced the country’s competitiveness in the global economy.
Tinubu also called on Deloitte Africa to expand its partnership with Nigeria by investing more in youth development, professional training and employment opportunities, noting that the country’s youthful population remains one of its greatest assets.
Reflecting on his early professional career, the President praised Deloitte’s longstanding reputation for excellence in accounting and capacity development, expressing confidence that the firm would continue to contribute meaningfully to Nigeria’s development.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, urged Deloitte Africa to support the Federal Government’s efforts in building the capacity of Nigerian youths through skills development and professional training initiatives.
Speaking during the meeting, Deloitte Africa Chief Executive Officer, Ruwayda Redfearn, commended the Federal Government’s reform agenda and reaffirmed the firm’s commitment to supporting Nigeria’s economic transformation.
She said Deloitte was prepared to leverage its global expertise to assist the government in driving investment, promoting youth empowerment and creating employment opportunities.
Redfearn disclosed that Deloitte generated approximately $74 billion in global revenue in 2025 and employs more than 500,000 professionals worldwide, including over 6,000 across Africa.
She noted that the firm’s local and international teams were ready to collaborate with the Nigerian government in advancing its economic development objectives.
Also speaking, Deloitte Africa Chief Executive Officer, Yomi Olugbenro, said the firm’s priority was to ensure that the gains of the government’s reforms translate into tangible improvements in the lives of ordinary Nigerians.
According to him, while important structural reforms have already been implemented, greater attention should now be directed toward ensuring that the benefits reach citizens through improved service delivery, increased economic opportunities and inclusive growth.
Olugbenro stated that Deloitte’s extensive global experience in supporting governments around the world positions the firm to contribute valuable expertise to Nigeria’s ongoing reform process.
He expressed the firm’s readiness to work closely with the Federal Government in areas where its technical knowledge and international experience could help accelerate national development.
The meeting forms part of the Federal Government’s broader engagement with international professional and financial institutions aimed at attracting investment, strengthening economic governance and supporting ongoing reforms intended to drive sustainable growth and improve the welfare of Nigerians.
Tinubu: Nigeria Making Strong Foundational Progress as Economic Reforms Begin to Yield Results
