13/08/2025
💥 NIGERIA UNDER PBAT 💥
President Tinubu: A Synopsis of His Administration’s Achievements Thus Far
---Sunday Dare
Some Key Achievements and Others in Progress
Removal of Fuel Subsidies and Termination of Multiple Foreign Exchange Systems: This, Tinubu said, “had constituted a noose around the economic jugular of our nation and impeded our economic development and progress”.
Increased Government Revenues: Aggregate government revenues more than doubled, increasing by over N9.1 trillion in the first half of 2024, compared to the first half of 2023.
Ongoing Major Infrastructure Projects: These include roads, bridges, railways, power, oil and gas developments, notably the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway projects.
Increased Oil Production: Oil production has increased to 1.7million barrels per day, and two Foreign Direct Investments of over $500m have been signed.
Compressed Natural Gas Initiative: Launched to power the transportation sector and reduce costs. Tinubu said, “This will save over N2 trillion a month, being used to import PMS and AGO”.
Student Loan Scheme: Approval of over N95.6bn to Nigerian students through the Student Loan Scheme. Six hundred thousand youth have benefited.
Consumer Credit Corporation: Established with over N200 billion “to help Nigerians acquire essential products without the need for immediate cash payments, making life easier for millions of households”.
Digital and Creative Enterprises: Empowerment of young people, creating millions of IT and technical jobs.
Skill-Up Artisans Programme: Introduction of the Nigerian Youth Academy and the National Youth Talent Export Programme.
Livelihood Support: The release of over N570 billion to the 36 States to expand livelihood support for their citizens, while 600,000 nano-businesses have benefitted from the administration’s nano-grants.
Reduction in Revenue to Debt Service Ratio: Reduced from 97% to 68% in the last 13 months.
Job Creation: Creation of 240,000 jobs through 10 Micro, Small and Medium Enterprises.
National Minimum Wage: Signing into law the new National Minimum Wage of N70,000, and the payments of N1 billion each to large manufacturers.
Removal of Tariffs and Import Duties: On rice, wheat, maize, sorghum, drugs, and other pharmaceutical and medical supplies for the next six months.
Incentives to Farmers: To increase food production at affordable prices.
Procurement of Mechanised Farming Equipment: Provision of equipment such as tractors and planters, worth billions of Naira from the United States, Belarus, and Brazil. 10k tractors of which 2k since arrived and distributed.
Increment and implementation of the NYSC allowances from N33,000 to N77,000.
The IMF Debt Clearance: Nigeria has cleared its $1.61 billion debt to the IMF, exiting from the fund’s list of indebted countries.
Key Gains
President Tinubu’s Second Anniversary
Fiscal and Monetary Gains
• External Reserves rose by $6 billion to $40.19 billion, boosting confidence and stability.
• Trade Surplus hit $13.17 billion, showing strong export performance.
• Portfolio Investments surged to $13.35 billion — a clear vote of confidence in Nigeria’s economy.
• Gas Exports jumped 48.3% to $8.66 billion
• Non-oil exports reached $7.46 billion, a sign of increasing diversification.
• Balance of Payments Surplus of $6.83 billion in 2024 – first in three years.
• Naira Stabilisation through deregulation of the FX market and forex subsidy removal by President Tinubu.
• FX Reserves rose by $364 million in two weeks before the MPC meeting in April 2025.
• External Buffers now cover 7.6 months of imports.
• Sovereign Sukuk Repayment: Nigeria fully repaid its first N100 billion Sukuk issued in 2017.
• Tax Reforms are underway; the Tax Reform Bill will soon be sent to the President for assent.
• Debt Servicing: Dropped from 95% to 65% of revenue, freeing up resources for capital and social spending.
• Improved Fiscal Space: Revenue to debt servicing ratio now at 45%, easing pressure on public finances.
Inflation and Economic Growth
• Headline Inflation dropped to 23.71% in April, from 24.23% in March – the sharpest decline in over a year.
• Month-on-Month Inflation decelerated for the second straight month in 2024.
• GDP Growth: Nigeria recorded the fastest economic growth in a decade in 2024.
• World Bank projects 3.6% growth for Nigeria in 2025. III. Social Investment and Human Capital
Revenue: President Tinubu has opened up Nigeria’s fiscal space with increased internally generated revenue from FIRS (N21.3 trillion) and Customs. FAAC monthly allocation to State Governments has increased by over 62%, freeing up resources for States to develop.
Youth and Education
• NELFUND Student Loans: Over 600,000 students have benefitted; nearly N75 billion disbursed to date.
• National Cash Transfer Programme: 5.7 million vulnerable households have benefitted; N25 billion budgeted in 2025.
Health and Social Welfare
• Primary Healthcare: 37 million Nigerians accessed Primary Healthcare Centres in Q1 2025.
• Six Cancer Centres to be established, of which three are ready for commissioning in June. 2025
• Over 1,000 Primary Health Care Centres have been revitalised with 5,000 undergoing revitalisation currently.
• Over 4,000 women have benefited from President Tinubu’s approved Free Caesarean Section surgeries for all pregnant women.
• Dialysis – heavily subsidised cost by the FG.
Regional Equity and Inclusive Development
Creation of Regional Development Commissions. Every geopolitical zone now has a dedicated commission:
• South West Development Commission (SWDC)
• North West Development Commission (NWDC)
• North Central Development Commission (NCDC)
• North East Development Corporation. NEDC
• South East Development Commission (SEDC)
• NDDC – Niger Delta Development Commission
Revenue Boost to States
Federation Account Allocation to States has grown by 60%, enabling more local development projects.
Higher Education Stability
• N50 billion released to end ASUU strikes.
• No industrial action by ASUU in 2 years – the longest period of academic stability in a decade.
Primary Health Centres (PHCs)
• 1,000+ PHCs revitalised nationwide.
• An additional 5,500 PHCs undergoing upgrade under FG’s Renewed Hope Health Agenda.
Specialist Health Infrastructure
• 6 new cancer treatment centres are under development – 3 fully ready.
• Free dialysis services in pilot tertiary hospitals – heavily subsidised across others.
Free Maternal Health Services
• Over 4,000 women have undergone free cesarean sections under the Presidential Maternal Health Initiative.
Expanded Health Insurance Coverage
• The number of insured Nigerians increased from 16 million to 20 million within 2 years.
• NHIA reforms are ongoing to widen coverage and affordability.
Palliative Measures for Vulnerable Households
• N75 billion in palliative funds disbursed to States and LGs for food distribution and cash transfers.
• Millions of Nigerians received direct cash support during the fuel subsidy transition.
Agriculture: 10k tractors from Belarus. 2k arrived. 40% drop in food prices across the country.
Job Creation and Skills Training
Launch of 3 Million Technical Talent (3MTT) programme:
• Over 150,000 Nigerians are being trained in software development, tech support, and data analysis.
• Targeting employment and freelancing in the global digital economy.
Housing for All
• Renewed Hope Cities launched in 7 locations across Nigeria.
• Pilot phase: Over 20,000 affordable housing units are under construction.
Agricultural Support and Food Security
• Distribution of N200 billion in loans to farmers and agro-processors.
• Large-scale release of grains and fertilisers to cushion food inflation.
Digital Economy Empowerment
• Over 2 million Nigerians are now connected to new digital infrastructure including community broadband hubs and public Wi-Fi projects.
Anti-Corruption and Rule of Law
1. Anti -corruption
• A special investigative panel uncovered wide-scale abuses tracing over 753 properties with forfeiture proceedings completed.
2. Fiscal Sanity in MDAs
• Ongoing audits launched into over 200 government-owned enterprises, leading to the recovery of unremitted revenues.
3. Digital Procurement and Budgeting
• Rollout of e-procurement systems across Federal MDAs.
Me 👉 Tinubu/Shettima till 2031 In Sha Allah.
💥 NIGERIA UNDER PBAT 💥
President Tinubu: A Synopsis of His Administration’s Achievements Thus Far
---Sunday Dare
Some Key Achievements and Others in Progress
Removal of Fuel Subsidies and Termination of Multiple Foreign Exchange Systems: This, Tinubu said, “had constituted a noose around the economic jugular of our nation and impeded our economic development and progress”.
Increased Government Revenues: Aggregate government revenues more than doubled, increasing by over N9.1 trillion in the first half of 2024, compared to the first half of 2023.
Ongoing Major Infrastructure Projects: These include roads, bridges, railways, power, oil and gas developments, notably the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway projects.
Increased Oil Production: Oil production has increased to 1.7million barrels per day, and two Foreign Direct Investments of over $500m have been signed.
Compressed Natural Gas Initiative: Launched to power the transportation sector and reduce costs. Tinubu said, “This will save over N2 trillion a month, being used to import PMS and AGO”.
Student Loan Scheme: Approval of over N95.6bn to Nigerian students through the Student Loan Scheme. Six hundred thousand youth have benefited.
Consumer Credit Corporation: Established with over N200 billion “to help Nigerians acquire essential products without the need for immediate cash payments, making life easier for millions of households”.
Digital and Creative Enterprises: Empowerment of young people, creating millions of IT and technical jobs.
Skill-Up Artisans Programme: Introduction of the Nigerian Youth Academy and the National Youth Talent Export Programme.
Livelihood Support: The release of over N570 billion to the 36 States to expand livelihood support for their citizens, while 600,000 nano-businesses have benefitted from the administration’s nano-grants.
Reduction in Revenue to Debt Service Ratio: Reduced from 97% to 68% in the last 13 months.
Job Creation: Creation of 240,000 jobs through 10 Micro, Small and Medium Enterprises.
National Minimum Wage: Signing into law the new National Minimum Wage of N70,000, and the payments of N1 billion each to large manufacturers.
Removal of Tariffs and Import Duties: On rice, wheat, maize, sorghum, drugs, and other pharmaceutical and medical supplies for the next six months.
Incentives to Farmers: To increase food production at affordable prices.
Procurement of Mechanised Farming Equipment: Provision of equipment such as tractors and planters, worth billions of Naira from the United States, Belarus, and Brazil. 10k tractors of which 2k since arrived and distributed.
Increment and implementation of the NYSC allowances from N33,000 to N77,000.
The IMF Debt Clearance: Nigeria has cleared its $1.61 billion debt to the IMF, exiting from the fund’s list of indebted countries.
Key Gains
President Tinubu’s Second Anniversary
Fiscal and Monetary Gains
• External Reserves rose by $6 billion to $40.19 billion, boosting confidence and stability.
• Trade Surplus hit $13.17 billion, showing strong export performance.
• Portfolio Investments surged to $13.35 billion — a clear vote of confidence in Nigeria’s economy.
• Gas Exports jumped 48.3% to $8.66 billion
• Non-oil exports reached $7.46 billion, a sign of increasing diversification.
• Balance of Payments Surplus of $6.83 billion in 2024 – first in three years.
• Naira Stabilisation through deregulation of the FX market and forex subsidy removal by President Tinubu.
• FX Reserves rose by $364 million in two weeks before the MPC meeting in April 2025.
• External Buffers now cover 7.6 months of imports.
• Sovereign Sukuk Repayment: Nigeria fully repaid its first N100 billion Sukuk issued in 2017.
• Tax Reforms are underway; the Tax Reform Bill will soon be sent to the President for assent.
• Debt Servicing: Dropped from 95% to 65% of revenue, freeing up resources for capital and social spending.
• Improved Fiscal Space: Revenue to debt servicing ratio now at 45%, easing pressure on public finances.
Inflation and Economic Growth
• Headline Inflation dropped to 23.71% in April, from 24.23% in March – the sharpest decline in over a year.
• Month-on-Month Inflation decelerated for the second straight month in 2024.
• GDP Growth: Nigeria recorded the fastest economic growth in a decade in 2024.
• World Bank projects 3.6% growth for Nigeria in 2025. III. Social Investment and Human Capital
Revenue: President Tinubu has opened up Nigeria’s fiscal space with increased internally generated revenue from FIRS (N21.3 trillion) and Customs. FAAC monthly allocation to State Governments has increased by over 62%, freeing up resources for States to develop.
Youth and Education
• NELFUND Student Loans: Over 600,000 students have benefitted; nearly N75 billion disbursed to date.
• National Cash Transfer Programme: 5.7 million vulnerable households have benefitted; N25 billion budgeted in 2025.
Health and Social Welfare
• Primary Healthcare: 37 million Nigerians accessed Primary Healthcare Centres in Q1 2025.
• Six Cancer Centres to be established, of which three are ready for commissioning in June. 2025
• Over 1,000 Primary Health Care Centres have been revitalised with 5,000 undergoing revitalisation currently.
• Over 4,000 women have benefited from President Tinubu’s approved Free Caesarean Section surgeries for all pregnant women.
• Dialysis – heavily subsidised cost by the FG.
Regional Equity and Inclusive Development
Creation of Regional Development Commissions. Every geopolitical zone now has a dedicated commission:
• South West Development Commission (SWDC)
• North West Development Commission (NWDC)
• North Central Development Commission (NCDC)
• North East Development Corporation. NEDC
• South East Development Commission (SEDC)
• NDDC – Niger Delta Development Commission
Revenue Boost to States
Federation Account Allocation to States has grown by 60%, enabling more local development projects.
Higher Education Stability
• N50 billion released to end ASUU strikes.
• No industrial action by ASUU in 2 years – the longest period of academic stability in a decade.
Primary Health Centres (PHCs)
• 1,000+ PHCs revitalised nationwide.
• An additional 5,500 PHCs undergoing upgrade under FG’s Renewed Hope Health Agenda.
Specialist Health Infrastructure
• 6 new cancer treatment centres are under development – 3 fully ready.
• Free dialysis services in pilot tertiary hospitals – heavily subsidised across others.
Free Maternal Health Services
• Over 4,000 women have undergone free cesarean sections under the Presidential Maternal Health Initiative.
Expanded Health Insurance Coverage
• The number of insured Nigerians increased from 16 million to 20 million within 2 years.
• NHIA reforms are ongoing to widen coverage and affordability.
Palliative Measures for Vulnerable Households
• N75 billion in palliative funds disbursed to States and LGs for food distribution and cash transfers.
• Millions of Nigerians received direct cash support during the fuel subsidy transition.
Agriculture: 10k tractors from Belarus. 2k arrived. 40% drop in food prices across the country.
Job Creation and Skills Training
Launch of 3 Million Technical Talent (3MTT) programme:
• Over 150,000 Nigerians are being trained in software development, tech support, and data analysis.
• Targeting employment and freelancing in the global digital economy.
Housing for All
• Renewed Hope Cities launched in 7 locations across Nigeria.
• Pilot phase: Over 20,000 affordable housing units are under construction.
Agricultural Support and Food Security
• Distribution of N200 billion in loans to farmers and agro-processors.
• Large-scale release of grains and fertilisers to cushion food inflation.
Digital Economy Empowerment
• Over 2 million Nigerians are now connected to new digital infrastructure including community broadband hubs and public Wi-Fi projects.
Anti-Corruption and Rule of Law
1. Anti -corruption
• A special investigative panel uncovered wide-scale abuses tracing over 753 properties with forfeiture proceedings completed.
2. Fiscal Sanity in MDAs
• Ongoing audits launched into over 200 government-owned enterprises, leading to the recovery of unremitted revenues.
3. Digital Procurement and Budgeting
• Rollout of e-procurement systems across Federal MDAs.
Me 👉 Tinubu/Shettima till 2031 In Sha Allah.
