The economy is turning around: President Bola Ahmed Tinubu Declares Economic Turnaround in National Briefing

 President Bola Ahmed Tinubu declared on Monday that Nigeria’s economy is showing clear signs of recovery, stating that it “has turned the corner” after facing significant challenges in the early months of his administration.

Speaking during a national economic briefing held at the Presidential Villa in Abuja, the President reflected on the turbulent conditions his government inherited, noting that the severity of the economic situation once made him reluctant to engage with news reports.

“The economy is turning around; it has turned the corner. When we started, it was challenging. I almost ran away from watching the news or reading the newspapers,” President Tinubu said.

He credited recent reforms, improved revenue strategies, and tighter fiscal discipline for helping to stabilize the macroeconomic environment, reduce inflationary pressure, and attract new investments.

The President’s remarks come amid cautious optimism from financial analysts and international observers, who have noted recent gains in foreign reserves, a stronger naira, and increased investor confidence following the implementation of subsidy removals and foreign exchange reforms.

The briefing also included updates from key economic ministers and advisors, highlighting ongoing infrastructure projects, efforts to expand local production, and steps to support small businesses and job creation.

While challenges such as high food prices and unemployment remain, the administration emphasized that its long-term strategies are beginning to yield measurable results.