President Bola Ahmed Tinubu's Administration: Notable Achievements and Future Prospects

President Bola Ahmed Tinubu's Administration: Notable Achievements and Future Prospects

By Mr. Olayiwola Ayeni

President Bola Ahmed Tinubu's administration has made significant strides since its inception, implementing various reforms and initiatives that have positively impacted Nigeria's economy, social welfare, and infrastructure development.

*Economic Reforms*

Tax Reforms: The administration has simplified tax administration, broadened the tax base, and ensured fair contributions from all.

Fuel Subsidy Removal: The removal of the fuel subsidy has saved Nigeria an estimated ₦4 trillion annually, which is being redirected to critical infrastructure and social programs.

Exchange Rate Unification: The unification of Nigeria's multiple exchange rates has led to a more market-driven system, resulting in an increase in foreign exchange inflows by approximately $3 billion in the third quarter of 2023.

*Social Welfare and Development*

Student Loan Program: The administration has launched the Higher Education Loan Scheme to support students from low-income families, with over 500,000 students already applying for the interest-free loans.

Consumer Credit Initiative: The consumer credit initiative aims to stimulate consumption, drive entrepreneurship, and boost the domestic economy.

Minimum Wage Increase: The minimum wage has been increased by more than 100%.

*Infrastructure and Investment*

Infrastructure Development: Ongoing projects like the Lagos-Ibadan Motorway, the completed Second Niger Bridge, and the expanded rail network enhance trade, reduce travel time, and create jobs.

Investment Inflows: The oil, gas, and solid minerals industries are experiencing renewed interest and investment, enhancing Nigeria's export capacity and creating jobs.

Port Harcourt Refinery Rehabilitation: The government has accelerated work on the Port Harcourt refinery, which is set to commence operations in the first quarter of 2024, refining 60,000 barrels of crude oil daily and reducing Nigeria's reliance on imported fuel.

*Upcoming Improvements*

Increased Government Revenue: Aggregate government revenues are expected to continue growing, with a focus on reducing debt burdens and improving living standards.

Growth in Non-Oil Revenue: Reforms in customs and taxation are expected to lead to further growth in non-oil revenues, contributing to Nigeria's budget and reducing dependence on crude oil exports.

Improved Security Measures: The government's allocation of ₦2.1 trillion to enhance national security is expected to lead to further reductions in banditry and kidnapping incidents across Nigeria.

It is essential to acknowledge that President Tinubu's administration has demonstrated a commitment to national development, rather than tribalistic interests. The administration's efforts have positively impacted various regions of the country.

In response to criticisms from opposition parties, particularly Mr. Peter Obi, I would like to politely correct the negative notion that President Tinubu's administration is not performing. The administration's achievements, as highlighted above, demonstrate its commitment to national development.

For References to great achievements by President Bola Ahmed Tinubu in this administration, Mr. Peter Obi, go and read more from what Emmanuel Odenika Iyede Aidoko Onuche and Ukamaka Okafor highlighted:

Emmanuel Odekina Iyede Aidoko Onuche. (2025). President Tinubu’s Key Achievements Since Assuming Office.

Ukamaka Okafor. (2024). Abuja: President Tinubu highlights achievements.

As the president's media aid has advised, I Olayiwola Ayeni also urge all opposition parties to allow President Tinubu to complete his tenure peacefully. It is essential to recognize that every administration since 1960 has faced criticism, but Nigerians have always appreciated their efforts after they have left office.

For contact information you can reach Mr. Olayiwola Ayeni on ayeniolayiwola76@gmail.com