29/05/2026
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By Abdullahi Abubakar (Sheikh)
Today marks three years since the inauguration of President Asiwaju Bola Ahmed Tinubu, and it is important for Nigerians to sincerely reflect on where the country was in 2023 and where it stands today in 2026.
When President Tinubu assumed office, Nigeria was facing one of the most difficult economic and security situations in its history. The country was battling unsustainable fuel subsidy payments, rising debt, unstable foreign exchange, insecurity, poor infrastructure, low investor confidence, and declining economic growth. Many of the problems were deeply rooted and had accumulated over several years.
Rather than avoiding these difficult realities, President Tinubu chose to confront them directly through the Renewed Hope Agenda โ a comprehensive eight-point plan designed to rebuild the economy, strengthen security, create opportunities for young people, improve infrastructure, and reposition Nigeria for long-term growth.
Today, after three years, there are visible signs that these reforms are beginning to produce results.
Nigeriaโs economy has grown significantly from โฆ309.5 trillion in 2023 to โฆ441.5 trillion in 2025. Inflation, which was one of the biggest burdens on ordinary Nigerians, has reduced from 34.80% in December 2024 to 15.69% in April 2026. While many Nigerians still face economic hardship, the reduction in inflation shows that the economy is gradually stabilizing.
Government revenue has also improved massively. Tax revenue increased from โฆ19.9 trillion in 2023 to โฆ28.3 trillion in 2025. Monthly FAAC allocations to states and local governments have doubled from less than โฆ1 trillion to over โฆ2 trillion monthly. This means states and local governments now have more resources to execute projects, pay salaries, improve schools, hospitals, roads, and provide social services.
Foreign investors are also gradually regaining confidence in Nigeria. Foreign capital inflows increased from $12.32 billion in 2024 to $23.22 billion in 2025, while Nigeriaโs external reserves reached $50 billion โ the highest level in thirteen years. This shows that international investors are beginning to see Nigeria as a stable destination for business again.
Under President Tinubu, Nigeriaโs stock market has witnessed massive growth. The Nigerian Exchange All Share Index rose from about 55,000 points in 2023 to over 250,000 points in 2026, while market capitalization increased to โฆ160 trillion. This growth reflects renewed confidence in the Nigerian economy.
In the oil and gas sector, oil production increased by about 400,000 barrels per day between 2023 and 2025, reaching the highest onshore production level in two decades. Nigeria also attracted more than $8 billion in petroleum investments during 2024 and 2025. These investments are important because they create jobs, increase government revenue, and strengthen the economy.
One of the most impactful initiatives of this administration is the Presidential CNG and Electric Vehicle programme. The initiative has attracted over $2 billion in investments and is already providing cheaper transportation alternatives for Nigerians while creating thousands of jobs.
For students and young people, the introduction of the National Education Loan Fund (NELFUND) is one of the most important educational reforms in recent years. More than 1.5 million students across over 300 institutions have benefited, with nearly โฆ300 billion disbursed for tuition and upkeep support. Many students who would have dropped out due to financial difficulties now have an opportunity to continue their education.
On security, although challenges still remain, the government has intensified cooperation with international partners, improved intelligence sharing, strengthened military operations, and continued reforms aimed at restructuring Nigeriaโs security architecture. The proposed implementation of State Police is also aimed at bringing security closer to local communities and improving rapid response to threats.
Another major achievement is Nigeriaโs removal from the Financial Action Task Force (FATF) grey list in 2025. This development improves Nigeriaโs global financial reputation and makes international business transactions easier and more trustworthy.
The administration has also continued investing in infrastructure projects across the country, including roads, railways, energy, education, agriculture, and digital technology. In the media and communication sector, Nigeria is completing the transition from analogue broadcasting to digital broadcasting โ a development expected to improve television quality, communication technology, and create more opportunities in the creative industry.
The truth is that many of the reforms introduced by President Tinubu were difficult but necessary. Fixing a country facing long-standing economic and structural problems cannot happen overnight. Some policies initially created hardship, but many of the indicators now show that Nigeria is gradually moving toward stability and long-term growth.
For the people of Zaria, Kaduna State, and Northern Nigeria generally, continuity is important for many ongoing projects and reforms to be completed. Leadership should not only be judged by temporary difficulties, but also by the courage to make hard decisions that can secure the future of the country.
President Bola Ahmed Tinubu has shown courage in confronting problems previous administrations avoided for years. His administration has laid foundations that many believe could transform Nigeria if given enough time to mature fully.
Three years later, the direction is becoming clearer: stronger revenue generation, increased investment, economic recovery, student support, infrastructure development, and ongoing security reforms.
Nigeria still has challenges, but there are clear signs of progress.
This is why many Nigerians believe President Bola Ahmed Tinubu deserves another opportunity to consolidate these gains and continue the journey toward a stronger, more stable, and more prosperous Nigeria under the Renewed Hope Agenda.
ยฉ๏ธAbdullahi Abubakar
Special Assistant New Media To The Executive Chairman Zaria Local Government Council
