President Bola Tinubu has directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to present an account of the Federal Government’s economic reforms since the administration assumed office in 2023.
Tinubu said the presentation, titled “The Reforms Scorecard,” would provide Nigerians with details of the achievements, costs and wider impact of the measures introduced by his administration over the past three years.
The President disclosed this in a message to Nigerians on Wednesday, explaining that the reforms were designed to build a stronger economy and improve the country’s long-term prospects.
Tinubu recalled that when his administration began implementing the reforms in 2023, he had promised that the difficult decisions being taken would ultimately produce an economy that worked better for Nigerians and a stronger country for future generations.
“When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children,” he said.
According to the President, the scorecard will provide Nigerians with an assessment of the reforms, including what they have achieved, the challenges and costs associated with them, as well as the potential economic damage the government believes was avoided through the decisions.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did,” Tinubu said.
He said he had consequently directed the Minister of Finance and Coordinating Minister of the Economy to explain the data and decisions underpinning the reforms, as well as the progress recorded and areas where further work remained.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains,” the President stated.
Tinubu said Nigerians deserved transparency on the impact of the reforms, particularly how they had affected households, businesses and the wider economy.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country,” he said.
The President described the scorecard as an account by his administration to the Nigerian people, stressing that the reforms were being presented for public scrutiny.
The President also invited Nigerians to watch the live presentation of the Reforms Scorecard as the government seeks to explain the economic measures introduced since 2023 and their outcomes.
