Tinubu’s Reforms Have Achieved Reasonable Price Stability and Economic Growth, Federal Government Says

The federal government says Nigeria is gradually moving toward economic and social stability as President Bola Tinubu’s reforms deliver what it called a reasonable degree of price stability and economic growth.

Minister of State for Foreign Affairs Sola Enikanolaiye made the assessment in Bauchi while speaking to journalists during a sensitisation workshop on the ECOWAS Trade Liberalisation Scheme. The event, organised by the Foreign Affairs Ministry’s ECOWAS National Unit with the Bauchi State Government, focused on increasing trade within West Africa.

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One of the main reasons we decided to organise this workshop is in line with our 4D foreign policy framework, which places the Nigerian people at the centre of our foreign policy.

Enikanolaiye said the workshop formed part of the government’s 4D foreign policy framework, which places Nigerians at the centre of foreign policy. He said the programme aimed to bring foreign policy closer to people at the grassroots while expanding economic opportunities for businesses, entrepreneurs and other stakeholders.

“One of the main reasons we decided to organise this workshop is in line with our 4D foreign policy framework, which places the Nigerian people at the centre of our foreign policy,” he said. “We are looking at ways and means of bringing foreign policy closer to Nigerians at the grassroots in a manner that enhances their prosperity and expands economic opportunities within the West African region.”

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We are looking at ways and means of bringing foreign policy closer to Nigerians at the grassroots in a manner that enhances their prosperity and expands economic opportunities within the West African region.

The programme is intended to encourage small and medium-sized enterprises, larger companies and agricultural businesses to explore opportunities across West Africa and the wider African market. The government plans to hold similar sensitisation programmes across all six geopolitical zones before concluding in Abuja.

Assessing the economy, Enikanolaiye said the reforms had contributed to stability and growth, which he described as necessary foundations for development. He acknowledged that inflation remained high but said it was declining, while other indicators showed signs of improvement. Bauchi Governor Bala Mohammed separately said his administration remained committed to supporting local investment and expanding opportunities for businesses.

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I can say, without fear of contradiction, that the economic reforms of President Bola Tinubu have achieved a great degree of stabilisation and growth.