President Bola Ahmed Tinubu has reaffirmed that Nigeria’s economic reforms are beginning to yield positive results, despite ongoing challenges, declaring that the country is “on the right track.”
Speaking at the national convention of the All Progressives Congress held at Eagle Square in Abuja, Tinubu acknowledged the difficulty of the reform process but stressed that tough decisions were necessary to reposition the economy.
According to the President, recent policy measures have improved investor confidence, citing Nigeria’s Eurobond issuance which was oversubscribed by about 400 percent. He also noted renewed foreign interest in the oil and gas sector, alongside Nigeria’s exit from the global financial grey list, which he described as a sign of restored international credibility.
Addressing concerns over electricity supply, Tinubu admitted that the power sector remains a major challenge but assured citizens that targeted interventions are underway to improve energy availability and support industrial growth.
The President also cautioned party members against internal divisions, warning that personal ambitions could weaken the party more than electoral losses. He emphasized the need for unity and discipline within the APC to sustain its vision of national transformation.
Rejecting claims that his administration is steering Nigeria toward a one-party system, Tinubu maintained that democracy depends on a strong opposition and credible electoral processes. He added that recent electoral reforms were carried out legally to strengthen democratic institutions.
Tinubu further reiterated that his administration’s “Renewed Hope Agenda” is a guiding framework for governance, not just a campaign slogan, noting that policies such as fuel subsidy removal were necessary steps toward economic recovery.
Also speaking, Chairman of the Progressive Governors’ Forum, Hope Uzodimma, said the administration’s reforms are laying the foundation for long-term economic stability and growth.
Minister of Finance, Wale Edun, supported this position, noting that economic growth has improved from about 2 percent to roughly 4 percent annually, signaling a gradual recovery.
In his remarks, APC convention planning committee chairman, Aminu Bello Masari, expressed confidence in the party’s strength ahead of future elections, describing it as well-positioned and prepared.
The convention served as a platform for the ruling party to showcase its policy achievements, reinforce internal cohesion, and signal readiness for upcoming political contests.
