Tinubu Commits to Economic Reforms at Nigerian Summit

President Bola Tinubu announced that his administration is committed to transforming Nigeria's economy through significant reforms aimed at dismantling structural barriers and unlocking the nation's potential. Speaking in Abuja at the 32nd Nigerian Economic Summit, where he was represented by Vice President Kashim Shettima, Tinubu highlighted the challenges faced at the beginning of his administration, noting that economic growth requires a difficult reset.

He emphasized that rescuing the economy is essential for improving livelihoods and creating jobs for young jobseekers, farmers, and entrepreneurs. The summit's theme, "Growth That Works: Delivering Jobs, Productivity and Shared Prosperity," aligns with the goal of achieving a prosperous Nigeria by 2030.

Tinubu cited data from the National Bureau of Statistics showing a 3.89% growth in Nigeria's inflation-adjusted GDP in the first quarter of 2026, compared to 3.13% the previous year. He acknowledged that while job creation is vital, enhancing the quality of work and reducing underemployment are equally important.