Reforms Difficult But Necessary – President Tinubu

President Bola Tinubu has admitted that Nigeria is presently undergoing one of the most ambitious periods of reforms in its history.

He however maintained that the reforms, though difficult, are necessary  undertaken by the administration and  are yielding results.

The president spoke Thursday at the maiden dinner for State House Correspondents in Abuja.

Listing results of the reforms, Tinubu stated that “Our economy is stabilising. Public revenues have strengthened significantly. State governments are receiving substantially higher allocations to support development. Investor confidence is returning.

“Our foreign reserves have improved considerably. The oil and gas sector is attracting renewed investment. The stock market has witnessed remarkable growth.

“Key economic indicators are moving in the right direction. Through tax reforms, fiscal reforms, infrastructure investments, and improvements in the business environment, we are laying the foundations for a more competitive, productive, and prosperous economy.

“The journey is not yet complete. Challenges remain. But the direction is clear, and the foundations for long-term growth are being firmly established.”

Regarding security, he said that “our administration has maintained a determined, multi-dimensional approach.

“Military operations have intensified across several theatres. Intelligence gathering has improved. Inter-agency collaboration has strengthened. Regional and international cooperation has expanded.

“As a result, thousands of criminal elements and terrorists have been neutralised. Numerous hostages have been rescued.