PBAT's 30-Month Record of Economic Transformation

In under 30 months, President Bola Ahmed Tinubu has embarked on one of the most ambitious reform drives in Nigeria’s democratic history, tackling long-standing structural problems in finance, governance, infrastructure, and human capital. From stabilizing public finance to unlocking new growth sectors, the PBAT administration is laying the groundwork for a more productive, self-reliant nation. At the heart of the Renewed Hope agenda is fiscal responsibility. The administration has introduced landmark institutions such as NELFUND, CreditCorp, and the National Credit Guarantee Company (NCGC) to expand access to credit while reducing systemic risk. Budget discipline is tightening: the deficit has fallen from about 50% in 2023 to 25% by 2025, while revenues are rising, and a comprehensive tax bill has been passed. Importantly, the era of printing money to fund FAAC is over, and states no longer borrow just to pay salaries, a quiet but historic shift. On the external front, Nigeria has recorded a ₦18 trillion trade surplus in two years, non-oil exports are up 40%, and over $40 billion in foreign investment has flowed in. The stock exchange is booming, forex backlogs of $7 billion have been cleared, IMF debt has been cleared, and the CBN has been stabilized, restoring confidence in monetary management. The PBAT government is aggressively retooling the productive economy. From the creation of a Livestock Ministry to Special Agro-Processing Zones (SAPZ) and mining reforms, agriculture and solid minerals are being repositioned as engines of growth. Energy and transport reforms are equally far-reaching: ~ CNG initiatives are reducing fuel costs and emissions. ~ Refineries are being reactivated on a commercial, profit-driven basis. ~ Oil-asset metering is curbing theft and boosting revenues. ~ NNPC funds are now credited directly, improving transparency. Legacy infrastructure projects like the Lagos–Calabar Coastal Highway, Sokoto–Badagry road, and other strategic corridors signal a long-term vision for national integration and trade competitiveness. Maritime efficiency has improved through enhanced monitoring systems, while housing access is expanding via the MREIF mortgage initiative. Beyond macroeconomic reforms, the administration is investing heavily in human capital and grassroots development. Programs like 3MTTT, TVET, DL4ALL, and the National Health Fellows Programme are building skills for a modern economy. Food security and industrial value chains are receiving renewed focus through the Green Imperative Project, the Cotton, Textile & Garment Development Board, the Cocoa Board reinstatement, and NIPOST’s agricultural logistics initiative (NAILI). At the community level, the Renewed Hope Ward Development Programme reaches all 8,089 wards, supporting jobs and training at least 1,000 beneficiaries per ward, while initiatives such as Nutrition 774, forest guards for 1,149 reserves, and SUPA (Smart Urban Planning Agenda) strengthen social resilience and security. Health reforms are expanding nationwide, medical investment is rising, and the minimum wage has increased by over 100%, offering relief to workers. Six Regional Development Commissions are accelerating balanced growth, while targeted loans are supporting industries and SMEs. President Bola Ahmed Tinubu’s first 30 months reflect a governing philosophy anchored in tough choices, institutional reform, and long-term economic logic. The results are fiscal discipline, renewed investor confidence, and broad-based development initiatives, suggesting a country is moving steadily from reform to recovery and from potential to performance.