Tinubu Says Economy on Steady Growth as Deloitte Africa Backs Reforms

President Bola Ahmed Tinubu has declared that Nigeria’s economy is on a steady growth path, attributing the progress to his administration’s financial, fiscal and revenue reforms.

The President made the remarks on Wednesday while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda Redfearn, at the State House in Abuja.

Tinubu said the reforms implemented over the past three years had stabilised the economy, strengthened fiscal and revenue systems, repositioned financial institutions and enhanced Nigeria’s global competitiveness.

He acknowledged that the reforms had been difficult but insisted they were already yielding positive results.

“Some issues are difficult because people have to take the bitter medicine, but it is working well. Nigeria is making serious foundational progress,” the President said.

He commended Deloitte Africa for recognising the government’s reform agenda and urged the global professional services firm to deepen its contribution to Nigeria’s development by investing in youth training and employment.

Recalling his early career in accountancy, Tinubu praised Deloitte’s reputation for professional development, expressing confidence that the firm would continue to build local capacity.

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, also urged Deloitte to focus on equipping young Nigerians with skills that would enhance economic growth and productivity.

Speaking on behalf of the firm, Deloitte Africa CEO Ruwayda Redfearn said the organisation was committed to supporting Nigeria’s development agenda. She noted that Deloitte employs more than 500,000 people globally, including over 6,000 in Africa, and generated $74 billion in revenue in 2025.

“We are here to say that we want to serve. We have a local team on the ground, backed by our global network, ready to support your administration as you lead the country,” she said.

Also speaking, Deloitte West Africa CEO Yomi Olugbenro described the Federal Government’s reforms as laying a solid foundation for economic transformation.

He said the next challenge would be ensuring that the benefits of the reforms reach ordinary Nigerians, adding that Deloitte would leverage its global experience in supporting governments to help Nigeria maximise the gains of the ongoing reforms.