President Bola Ahmed Tinubu has said his administration’s economic reforms are helping to change Nigeria’s long-standing record of underperformance, expressing confidence that the measures are restoring investor confidence and laying the foundation for sustainable economic growth.

The President made the remarks at the 32nd Nigerian Economic Summit, where he highlighted what he described as progress in gross domestic product (GDP) growth, investment inflows, manufacturing and economic diversification.

Tinubu said the government’s reform agenda was designed to address structural weaknesses in the economy and create conditions for more sustainable growth. He maintained that the ongoing measures were intended to strengthen economic confidence, improve productivity and expand opportunities across key sectors.

The President’s remarks come as Nigeria continues to navigate the economic effects of policy changes and efforts to stabilise the economy, attract investment and stimulate productive activities.

Investment inflows and manufacturing growth remain important indicators of the economy’s ability to generate employment, strengthen domestic production and reduce dependence on a narrow range of revenue sources. Economic diversification is also central to efforts to build resilience against external shocks and fluctuations in global commodity markets.

However, the long-term impact of the reforms will depend on whether economic gains translate into improved living standards, greater purchasing power, job creation and more reliable opportunities for businesses and households.

Tinubu’s address placed emphasis on the need to move beyond Nigeria’s historical economic challenges and establish a stronger foundation for sustained development.

The Nigerian Economic Summit provides a platform for government officials, business leaders, investors and policy experts to discuss economic priorities, assess government policies and propose measures to strengthen the country’s economic performance.

While the administration has pointed to progress in key economic indicators, the durability and inclusiveness of that progress remain important considerations in assessing the overall impact of its reform programme.

President Bola Tinubu says economic reforms are helping rewrite Nigeria’s story of underperformance, citing progress in GDP growth, investment, manufacturing and diversification.