President Bola Tinubu has stated that his administration’s economic reforms are beginning to deliver positive results, citing improved macroeconomic stability and increased federal allocations to states and local governments.
He stated this on Monday while declaring the two-day National Economic Council (NEC) conference holding in Abuja, open.
The president said Nigeria continues to grapple with macroeconomic imbalances, infrastructure deficits, unemployment, poverty, climate vulnerabilities, and limited fiscal space, but noted that the resilience and creativity of Nigerians remain a key strength.
“We have recorded notable achievements that reflect our commitment to cooperative federalism and inclusive development,” Tinubu stated.
Tinubu also said the reforms were necessary to reposition the economy and ensure sustainable growth in the long term.
The conference is themed ‘Delivering Inclusive Growth and Sustainable Development: The Renewed Hope National Development Plan’.
