Nigeria’s Economy on Steady Growth Path, Tinubu Tells Deloitte Africa
President Bola Ahmed Tinubu has said Nigeria’s economy is on a steady growth path following three years of financial, fiscal, revenue and tax reforms introduced by his administration.
The President stated this on Wednesday at the State House in Abuja while receiving a delegation from Deloitte Africa led by its Chief Executive Officer, Ruwayda Redfearn.
Tinubu said the reforms had helped stabilise the economy, strengthen key institutions and improve Nigeria’s prospects for long-term growth and global competitiveness.
According to him, although the reform process has been difficult for many Nigerians, the measures are beginning to produce positive results across the economy.
The President said his administration was focused on rebuilding the country’s economic foundation and creating a sustainable future for Nigerians.
He noted that the government’s revenue reforms would continue to stimulate economic growth, strengthen public finances and reposition the country for greater investment opportunities.
Tinubu described the reforms as necessary measures requiring patience and sacrifice, insisting that Nigeria was making significant foundational progress.
He also commended Deloitte Africa for its interest in Nigeria’s reform agenda and urged the organisation to deepen its partnership with the country through investments, youth training and employment creation.
The President encouraged the global professional services firm to expand its impact on the Nigerian economy by recruiting and developing the country’s young and dynamic population.
Tinubu recalled Deloitte’s reputation for professional training and expressed confidence that the firm would continue to build capacity among young Nigerians.
The meeting was attended by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Chairman of the Nigerian Revenue Service, Zacch Adedeji.
Oyedele also urged Deloitte Africa to prioritise youth development and capacity building as part of its contribution to Nigeria’s economic transformation.
Speaking during the meeting, Redfearn said Deloitte was focused on digital transformation, business development and professional services across several countries.
She disclosed that the organisation had more than 500,000 employees globally, including over 6,000 workers across Africa, and recorded revenue of $74 billion in 2025.
Redfearn said Deloitte’s local and global teams were ready to support the Tinubu administration in implementing policies capable of driving economic development.
The Chief Executive Officer of Deloitte West Africa, Yomi Olugbenro, also expressed the firm’s support for Nigeria’s ongoing reforms.
Olugbenro said the foundations for economic recovery had been laid, adding that attention must now shift towards ensuring that the benefits of the reforms reach ordinary Nigerians.
He said Deloitte could draw from its global experience supporting governments and institutions to help Nigeria achieve measurable results.
According to him, the next phase of the reform programme should focus on translating major economic policies into improved living standards, employment opportunities and visible dividends of democracy for citizens.
