Economic Reforms Boost Business Growth in Nigeria

The presidency has stated that ongoing economic reforms by President Bola Ahmed Tinubu are restoring confidence in Nigeria’s business environment and creating opportunities for entrepreneurs. Dr. Nafia Abdullahi, Technical Assistant on Regional Development Programmes in the Office of the Vice President, made this statement during the commissioning of Makib Estilo, a new business outlet in the Central Area of Abuja, by Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim.

The minister noted that the Tinubu administration is supporting micro, small, and medium enterprises (MSMEs) through targeted intervention funds, single-digit loans, and free business formalization drives. Dr. Abdullahi attributed the growth of Makib Estilo from a small shop to a diversified business to improving economic conditions under the administration’s Renewed Hope Agenda.

She urged opposition politicians to engage directly with businesses and Nigerians to assess the reforms objectively, emphasizing that while changes can be difficult, their benefits are becoming clearer as citizens adjust.