President Bola Ahmed Tinubu has expressed confidence that Nigeria’s economy is experiencing steady and sustainable growth, attributing the progress to the financial and fiscal reforms implemented by his administration over the past three years.
Speaking on Wednesday while receiving a delegation from Deloitte Africa at the Presidential Villa in Abuja, the President said the reforms had laid a solid foundation for long-term economic stability and positioned Nigeria for increased global competitiveness.
The delegation was led by Deloitte Africa Chief Executive Officer, Ruwayda Redfearn, who commended the Federal Government’s economic reforms and pledged the firm’s support in driving investment, youth development, digital transformation and job creation across the country.
President Tinubu acknowledged that implementing the reforms had been challenging but insisted that the sacrifices were beginning to yield positive results.
According to him, the administration deliberately focused on addressing structural issues affecting the economy rather than pursuing short-term gains.
“We are changing things from the foundation to build a stronger future for Nigerians,” the President said.
He noted that although reforms often come with temporary hardship, they are necessary to achieve sustainable economic growth.
“Reforms are never easy. Sometimes people have to endure difficult adjustments, but when properly implemented, they produce lasting benefits. That is exactly what we are witnessing today,” Tinubu stated.
The President thanked Deloitte Africa for recognising the government’s efforts, adding that the reforms in taxation, revenue generation and fiscal management were already stimulating economic activities across various sectors.
He explained that improvements in revenue mobilisation, stronger fiscal discipline and ongoing tax reforms had strengthened public finances while creating a more attractive environment for investors.
Tinubu maintained that Nigeria was making significant progress in building a resilient economy capable of competing effectively on the global stage.
He further urged Deloitte Africa to expand its contribution to Nigeria’s development by investing more in skills acquisition, youth training and employment opportunities.
Recalling his early career in accountancy, the President praised Deloitte’s longstanding reputation for professional excellence and talent development.
He encouraged the firm to leverage its global expertise in preparing young Nigerians for careers in finance, technology and business.
Also speaking at the meeting, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, highlighted the impact of the administration’s economic reforms and encouraged Deloitte Africa to partner with the government in strengthening the capacity of Nigerian youths.
Chairman of the Nigerian Revenue Service, Dr. Zacch Adedeji, also attended the meeting alongside other senior government officials.
In her remarks, Deloitte Africa CEO Ruwayda Redfearn said the multinational professional services firm remains committed to supporting Nigeria’s economic transformation.
She disclosed that Deloitte employs more than 500,000 professionals globally, including over 6,000 employees across Africa, while the organisation generated approximately 74 billion dollars in revenue in 2025.
Redfearn explained that Deloitte’s core areas of expertise include digital transformation, business advisory and organisational development.
She assured President Tinubu that both Deloitte’s Nigerian team and its global network stand ready to support the Federal Government in achieving its economic objectives.
“We are here because we want to serve. Our local professionals and our global organisation are available to work with your administration and contribute to Nigeria’s development,” she said.
The Chief Executive Officer of Deloitte West Africa, Yomi Olugbenro, also reaffirmed the firm’s commitment to supporting the government’s reform agenda.
According to him, Nigeria has already laid a solid foundation for economic transformation, but greater effort is required to ensure that the benefits of the reforms reach ordinary citizens.
Olugbenro stressed that Deloitte possesses extensive international experience gained from supporting governments and institutions across different countries and believes Nigeria can benefit from those best practices.
He added that the firm is prepared to collaborate with the Federal Government in areas where its expertise can accelerate economic growth, improve governance and deliver tangible benefits to Nigerians.
The meeting concluded with both parties expressing optimism about expanding collaboration in areas including investment promotion, digital innovation, fiscal reforms, business transformation and youth empowerment as Nigeria continues its drive toward sustained economic growth.
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