President Bola Ahmed Tinubu on Wednesday, July 15, 2026, declared that the nation’s ongoing financial and fiscal reforms have steadily stabilised the economy over the past three years, paving the way for sustainable growth.
The President made these remarks at the State House in Abuja while receiving a high-level delegation from Deloitte Africa, led by its Chief Executive Officer (CEO), Ruwayda Redfearn. The meeting highlighted growing international plaudits for Nigeria’s shifting economic indicators and positive development trends.
Addressing the professional services delegation, President Tinubu acknowledged that while the structural and tax overhauls required taking “bitter medicine,” the foundational progress is now evident.
“Yes, reforms are difficult. It has not been a McDonald’s customer relationship but a harvester of good things, if implemented well, and that is what we are about,” President Tinubu stated. “The reforms on revenue will continue to stimulate growth… Nigeria is making serious foundational progress.”
The administration’s aggressive revenue and fiscal strategies have successfully strengthened public finances, repositioned domestic financial institutions, and significantly boosted the country’s global market competitiveness.
In response, Deloitte Africa CEO Ruwayda Redfearn commended the administration’s reform blueprint and expressed the global firm’s readiness to support Nigeria’s ongoing digital and business transformation. Backed by a global workforce of over 500,000—including 6,000 professionals across Africa—Redfearn assured the President of the firm’s commitment to local development.
“We have a local team on the ground that is ready, as well as the global firm, to support you and support your administration as you lead the country,” Redfearn said.
President Tinubu used the opportunity to urge Deloitte Africa to expand its footprint in the country by prioritizing talent development, skills acquisition, and employment for Nigeria’s vibrant youth population. Fondly recalling his own early career days in accountancy, Tinubu praised Deloitte’s long-standing reputation for corporate training.
The high-profile state visit was also attended by key members of the administration’s economic team, including the Minister of Finance, Taiwo Oyedele, and the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, alongside the CEO of Deloitte West Africa, Yomi Olugbenro.
