From reforms to prosperity: The promise behind Tinubu’s re-election bid

详细摘要

President Bola Tinubu’s case for a second term rests on the belief that Nigeria’s economic reforms have begun to pay ...

President Bola Tinubu’s case for a second term rests on the belief that Nigeria’s economic reforms have begun to pay off. If re-elected for another four years, he promises to deliver security, cheaper food, reliable electricity, jobs, homes and better public services.

As contained in the ruling All Progressives Congress’ 109-page manifesto titled, “From Reform to Prosperity: Agenda 2027–2031”, unveiled last Tuesday in Abuja, the President argues that Nigeria has moved beyond the most difficult phase of adjustment and must now convert stability into prosperity.

Tinubu’s eight-point Renewed Hope Agenda has been streamlined into four priorities: security, quality of life, energy and infrastructure, and accountable governance. The 2027–2031 manifesto adds measurable targets, deadlines and accountability mechanisms to earlier commitments.

The President maintains that his first term laid the groundwork for economic stability, while a second term must deliver improvements Nigerians can see and feel.

“Our foundations are undeniably firmer,” Tinubu says in the manifesto’s opening message. “The coming years must focus on tangible improvements: the food on our tables, the power in our homes, the security of our families, and the dignity of meaningful work.”

The manifesto presents the removal of petrol subsidy, exchange-rate unification and tax reform as difficult but necessary decisions that have begun to restore order to public finances and improve investor confidence.

Foreign reserves rose to $55.3 billion in September 2026, from $33 billion in May 2023, while net reserves increased from about $4 billion to $32 billion over the period.

Inflation fell to 14.63 percent in September 2026, down from 34.8 percent in December 2024. The economy expanded by 4.43 percent in the second quarter of 2026, compared with 2.74 percent in 2023.

The document also reports N35.5 trillion in tax and customs revenue in 2025, more than double the 2023 figure.

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