By our Reporter
President Bola Tinubu has declared that Nigeria’s economy is on a steady path of growth, attributing the progress to the financial and fiscal reforms implemented by his administration over the past three years.
The President made the assertion on Wednesday while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda Redfearn, at the Presidential Villa in Abuja.
He said the administration’s reforms, including the removal of fuel subsidy, exchange rate reforms and tax reforms, had laid a solid foundation for sustainable economic growth despite the initial challenges associated with their implementation.
“We are following the example of Deloitte’s greatness to change things from the foundation, building the necessary future for our people.
“Yes, reforms are difficult. It has not been a McDonald’s customer relationship but a harvester of good things, if implemented well, and that is what we are about,” Tinubu said.
The President noted that reforms in the revenue and fiscal sectors had strengthened financial institutions, improved government revenue and positioned Nigeria to become more globally competitive.
He added that although the reforms required difficult sacrifices, they were yielding positive results.
“The reforms on revenue will continue to stimulate growth. Some issues are difficult; taking the bitter medicine is not easy, but it is working well. Nigeria is making serious foundational progress,” he stated.
Tinubu also urged Deloitte Africa to expand its contribution to Nigeria’s economy by investing in the training and employment of young Nigerians.
He recalled his early years in the accounting profession, praising Deloitte’s global reputation for professional development and capacity building.
The meeting was attended by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Chairman of the Nigerian Revenue Service, Zacch Adedeji.
Speaking at the meeting, Oyedele called on Deloitte Africa to partner with the Federal Government in strengthening the capacity of Nigerian youths to meet the demands of a rapidly evolving global economy.
In her remarks, Deloitte Africa CEO, Ruwayda Redfearn, commended the Federal Government’s ongoing economic reforms and pledged the firm’s support for the administration’s economic transformation agenda.
She disclosed that Deloitte employs more than 500,000 professionals worldwide, including over 6,000 across Africa, and generated $74 billion in revenue in 2025.
“We are before you to say that we want to serve. We have a local team on the ground that is ready, as well as the global firm, to support you and support your administration as you lead the country,” she said.
Also speaking, Deloitte West Africa Chief Executive Officer, Yomi Olugbenro, said the firm was committed to helping Nigeria translate its ongoing reforms into tangible benefits for ordinary citizens.
He noted that while the Federal Government had laid a solid foundation through its reform agenda, greater emphasis should now be placed on ensuring that the dividends of the reforms reach businesses and households.
Olugbenro added that Deloitte would leverage its global experience in supporting governments around the world to assist Nigeria in achieving sustainable economic growth and improved public service delivery.
The meeting underscored the Federal Government’s drive to deepen collaboration with international professional institutions to strengthen economic reforms, attract investment and create employment opportunities for Nigerians.
