Key Achievements (According to the Presidency)
1. Economic Growth & Reforms
- GDP Growth: 4.6% in Q4 2024, with full-year growth at 3.4% — one of the strongest in a decade.
- Foreign Reserves: Surge from $4 billion in 2023 to over $23 billion by end of 2024 (almost 500% increase).
- Fiscal Improvements:
- Fiscal deficit reduced from 5.4% of GDP (2023) to 3.0% (2024).
- Over ₦6 trillion in Q1 2025 revenue; tax-to-GDP ratio rose from 10% to 13.5%.
- Ways and Means financing discontinued; debt service-to-revenue ratio dropped below 40%.
2. Fuel Subsidy & FX Policy Overhaul
- Ended fuel subsidies and unified FX windows to reduce corruption and financial mismanagement.
- NNPC now contributes positively to the Federation Account.
3. Tax & Business Reforms
- Removed VAT from basic goods/services (food, healthcare, education, public transport, rent).
- Introduced a Tax Ombudsman and incentives for tech, manufacturing, and agriculture.
- Improved digital tax system, easing burdens on small businesses.
4. Security Improvements
- Military operations reclaimed regions from bandits.
- Highways safer; some abductees rescued.
- Improved inter-agency collaboration and morale among security personnel.
5. Health Sector Overhaul
- 6,500+ PHCs revitalised/upgraded.
- Free dialysis, free cesarean sections, and expansion of health insurance coverage from 16M to 20M.
- 6 new cancer centres; 3 ready.
6. Youth & Innovation
- NASENI-led programs: EV assembly, drone training for women, diagnostic kit factories.
- Initiatives like Innovate Naija and Irrigate Nigeria aim to spark industrialisation.
7. Infrastructure & Energy
- Major national road projects ongoing (Lagos-Calabar, Abuja-Kaduna, Second Niger Bridge, etc.).
- Push for off-grid solar energy and electricity grid upgrades.
8. Diaspora Engagement & Tourism
- Motherland Festival planned to showcase culture, tourism, and diaspora ties.
- New diaspora-friendly policies (Diaspora bond, non-resident BVN).
❌ Opposition & Civil Society Criticisms
Economic Hardship
- PDP: Accused the Tinubu administration of worsening poverty and inflation. Calls for an apology and exit strategy.
- LP: Blames Tinubu for the naira devaluation (₦87 to ₦1,000+ per litre of petrol; $1 = ₦1,600), youth unemployment, and lack of purchasing power.
- CUPP: Declared the last two years as the “worst since independence”, citing widespread insecurity, hunger, and health sector collapse.
Governance & Rule of Law
- Ignoring court orders, lack of inclusivity, and a decline in democratic values cited by critics as major concerns.
- Tinubu’s initial subsidy removal criticized as hasty and poorly planned.
Security
- Despite improvements, critics say rural killings, banditry, and urban kidnappings are still rampant.
- Abuja itself is not considered fully safe, according to CUPP.
Public Perception
- Some argue that while macroeconomic indicators are improving, daily life remains hard for average Nigerians.
- Critics challenge the value-for-money in the government’s borrowing spree and massive spending.
