Introduction to President Bola Tinubu’s Economic Policies
The Tinubu Media Force (TMF), a support group for President Bola Tinubu, has welcomed the recent remarks by Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO), on Nigeria’s economic trajectory. According to the TMF, Okonjo-Iweala’s comments serve as a clear and independent validation of President Tinubu’s progressive governance.
Okonjo-Iweala’s Commendation
Okonjo-Iweala commended President Tinubu for working to stabilize the economy, stating that his administration’s reforms are moving in the right direction. She made this statement after a courtesy visit to the President in Abuja. The TMF National Coordinator, Mr Oluwagbenga Abiola, reacted to Okonjo-Iweala’s commendation, saying that it is further proof that the administration’s reforms are laying the right foundations for sustainable growth.
Economic Performance
Economic data support the view that President Tinubu’s administration is on the right track. Nigeria’s GDP grew by 3.13 per cent in the first quarter of 2025, with the services sector surging by over 5 per cent. The Tinubu administration is targeting 7 per cent annual growth by 2027 and a quadrupling of the economy by 2030, anchored on a rebased GDP of N372.8 trillion. Key reforms span energy, transport, education, agriculture, and industry.
Education Reforms
Education remains a flagship priority for President Tinubu’s administration. The Nigerian Education Loan Fund (NELFUND) has disbursed over N104 billion to no fewer than 600,000 students in federal tertiary institutions. This includes N20.07 billion in tuition payments to 192,906 students and N12.82 billion in stipends to 169,114 students. With over 9,000 applications processed daily, the scheme has been described as a lifeline for Nigerian families.
Infrastructure Development
The administration is driving landmark projects such as the 700km Lagos-Calabar Coastal Highway, projected at $11 billion to connect nine states and create millions of jobs. Work on the first 47.47km segment is underway, backed by $747 million in funding. Other major road projects include the 1,000km Sokoto-Badagry Superhighway, dualisation of the Kano–Maiduguri Road, rehabilitation of the Enugu-Port Harcourt Expressway, completion of the Abuja-Kaduna-Zaria-Kano Road, and reconstruction of over 330 roads and bridges across the country.
Other Reforms
Beyond roads, the government has launched construction of 10,000 affordable housing units, expanded the national health insurance scheme to include children, improved passport processing, and stabilised electricity supply across board. The government has also commissioned new federal medical centres for affordable access to healthcare. Agricultural reforms and the introduction of compressed natural gas (CNG) as an affordable transport fuel are also expected to reduce food and transportation costs. The proposed tax reform bill aims to ease burdens on low and middle-income earners by eliminating regressive levies, simplifying tax collection, and focusing more on high-income sectors and large corporations.
Conclusion
The Tinubu Media Force has commended Dr Ngozi Okonjo-Iweala for her objective and fact-based analysis of President Tinubu’s economic policies. The administration’s reforms are yielding positive results, with economic growth, education, infrastructure, and other sectors showing significant improvements. The TMF has urged commentators to evaluate the administration’s performance on measurable achievements rather than partisan narratives.
FAQs
- What is the Tinubu Media Force (TMF)?
The Tinubu Media Force (TMF) is a support group for President Bola Tinubu. - Who commended President Tinubu’s economic policies?
Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO), commended President Tinubu’s economic policies. - What is the target annual growth rate for Nigeria’s economy by 2027?
The Tinubu administration is targeting 7 per cent annual growth by 2027. - How many students have benefited from the Nigerian Education Loan Fund (NELFUND)?
No fewer than 600,000 students in federal tertiary institutions have benefited from the Nigerian Education Loan Fund (NELFUND). - What is the projected cost of the Lagos-Calabar Coastal Highway?
The Lagos-Calabar Coastal Highway is projected at $11 billion.
Source: nannews.ng
