Tinubu Defends Reforms, Says Economic Gains Emerging as APC Reaffirms Unity

Jane Salihu

President Bola Ahmed Tinubu on Friday defended his administration’s economic reforms, declaring that Nigeria is beginning to record measurable gains despite the hardship associated with policy adjustments.

The President spoke at the National Convention of the All Progressives Congress held at Eagle Square, where party delegates and leaders from across the country gathered to deliberate on the party’s future and national development.

Addressing party members, Tinubu said the administration deliberately chose difficult but necessary reforms to reposition the economy, stressing that rebuilding the country required courage and honesty about its economic realities.

He noted that investor confidence in Nigeria has begun to recover, citing the country’s recent Eurobond issuance which he said was oversubscribed by about 400 per cent, a development he described as a strong signal of renewed global interest in the Nigerian economy.

The President also revealed that Nigeria has exited the global financial “grey list,” saying the development reflects growing international confidence in the country’s financial and regulatory systems.

On the persistent electricity challenge, Tinubu acknowledged the frustrations of citizens but assured that the government is implementing targeted interventions aimed at improving power generation and supporting industrial growth.

“We are paying attention to the problem of electricity and power. It will get better, and Nigerians will see progress in our drive for industrialisation,” he told party supporters.

The President also cautioned members of the ruling party against allowing personal ambition to undermine collective interests, warning that internal divisions often weaken political parties more than opposition pressure.

He further dismissed claims that his administration intends to push Nigeria toward a one-party state, maintaining that democracy thrives on credible opposition and constructive engagement among political actors.

Also speaking at the convention, Chairman of the Progressive Governors’ Forum, Hope Uzodimma, said the administration’s reforms were laying the groundwork for long-term prosperity, while Minister of Finance Wale Edun noted that economic growth had strengthened from about two per cent to roughly four per cent annually.

Meanwhile, Chairman of the Convention Planning Committee, Aminu Bello Masari, in his opening remarks, expressed confidence that the party remains strong and well positioned ahead of future elections.