Tinubu’s Economic Reforms Are Reshaping Nigeria

Discover how Tinubu’s economic reforms are transforming Nigeria’s economy and infrastructure. Governor Sanwo-Olu highlights Lagos’ achievements and plans for 2025.

Lagos State Governor, Babajide Sanwo-Olu, has commended President Bola Ahmed Tinubu’s economic reforms, describing them as transformative and capable of redefining Nigeria’s global image.

Speaking at the 2025 Annual Thanksgiving Service themed “Harvest of Thanksgiving” held at Tafawa Balewa Square in Lagos, Sanwo-Olu expressed optimism about Nigeria’s economic trajectory. He emphasized that both Lagos and the nation are entering a transformative period following tough but necessary economic reforms in 2024.

Positive Impacts of Tinubu’s Reforms

Sanwo-Olu acknowledged that while the reforms have caused short-term hardships, they are paving the way for long-term prosperity. The governor highlighted the following outcomes of the reforms:

Increased public revenues and macroeconomic stability.
Significant progress in job creation, investments, and social welfare programs.
The implementation of a new national minimum wage, which Lagos State has exceeded.
Record-breaking performance of the Nigerian stock market, with the All-Share Index surpassing 100,000 for the first time.

Sanwo-Olu assured Nigerians that the sacrifices made during the reform process would yield substantial benefits.

Lagos: A Model for Development

Highlighting Lagos State’s achievements in 2024, Sanwo-Olu showcased the state as a development benchmark. Key projects and milestones included:

Completion of the first phase of the Red Line rail project.
Progress on the Blue Line rail project.
Commissioning of large-scale infrastructure like the food and logistics park and a state-of-the-art children’s hospital, among Africa’s largest.

Sanwo-Olu also emphasized Lagos’ cultural and economic growth, fueled by the enthusiastic return of Nigerians from the diaspora.

Private Sector Contributions

Sanwo-Olu applauded private sector initiatives, particularly:

Dangote Refinery commencing petrol production.
Groundbreaking of the 12,000-seat Lagos Arena, which promises to redefine Nigeria’s arts and entertainment sector.

Lagos’ 2025 Agenda

Looking ahead, Sanwo-Olu pledged to intensify efforts across key sectors. Highlights of the 2025 agenda include:

Financing major projects like the new Lagos International Airport and the expansion of the municipal rail system.
Advancing the Lagos State Electricity Law of 2024 to create a reliable and affordable electricity market.
Scaling up investments in education, healthcare, security, and wealth creation.

Vision for Nigeria’s Future

Sanwo-Olu concluded with optimism, predicting brighter days ahead for Nigeria under Tinubu’s leadership. He reiterated Lagos’ commitment to setting the pace for the rest of the country and aligning with the President’s Renewed Hope Agenda.

“Together, we can build a safer, more secure, and economically stable nation,” he affirmed.