Nigerian President Bola Tinubu reiterated yesterday that his plan to strengthen the country’s economy is proceeding as planned.
He made the statement through the National Security Adviser (NSA) at the opening of the 24th Comptroller-General of Customs Conference in Abuja.
“When I assumed office last year, I set out with a clear and unwavering vision—to strengthen Nigeria’s economic base and foster positive growth and development for the benefit of all,” he said.
“Eighteen months later, that vision remains unchanged. In pursuing this vision, we have built upon existing foundations while introducing necessary reforms to adapt to our evolving economic realities.”
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He explained that the administration’s focus has been on strengthening effective policies, refining areas that needed improvement, and introducing new initiatives to address gaps. “We recognized that some economic policies, though useful in their time, needed realignment with current global dynamics to better serve our national interests and the well-being of our people.”
Tinubu pointed out that significant economic reforms, such as removing fuel subsidies and unifying the exchange rate system, were essential steps toward creating a more transparent and sustainable economic framework. These, he said, would redirect resources into productive investments that would yield long-term benefits for Nigerians.
“While these decisions required short-term adjustments, they were necessary for sustainable economic growth and prosperity for all Nigerians,” he affirmed.
He also praised the role of key government institutions, specifically the Nigeria Customs Service (NCS), in advancing the country’s economic transformation agenda. “Our vision required government agencies to proactively align their responsibilities with broader national economic objectives. The NCS has risen to this challenge by introducing significant reforms that align with global best practices,” Tinubu said.
He commended the Customs Service for its modernization initiatives, including the Advanced Ruling system and the Authorized Economic Operator Program, which have enhanced trade facilitation, improved port efficiency, and made Nigeria a more attractive destination for business.
