Reforms not for ease but necessity, leakages reduced — Tinubu

President Bola Tinubu said the economic reforms introduced by his administration were driven by necessity, not ease. In his Democracy Day address, he stated that the reforms aimed to restore stability, improve fiscal discipline, and reposition Nigeria's economy. He noted that federation revenues have increased, fiscal transparency improved, and leakages reduced. Investor confidence has returned, leading to increased investments in key sectors, and domestic refining capacity has grown.