Tinubu to World Bank: Economic Reforms Irreversible

President Bola Tinubu has assured the World Bank that Nigeria’s ongoing economic reforms are irreversible, describing them as necessary steps to unlock the country’s vast potential and lay the foundation for sustainable growth.

Tinubu gave the assurance during a meeting with a World Bank delegation led by Anna Bjerde, Managing Director of Operations, at the Presidential Villa, Abuja.

According to the president, the reforms—though challenging in the short term—are designed to stabilise the economy, restore investor confidence, and reposition Nigeria for long-term prosperity. He noted that Nigeria’s large youthful population and extensive arable land present enormous opportunities that can only be fully realised through decisive economic restructuring.

Tinubu emphasised that his administration remains committed to policies aimed at fiscal discipline, revenue expansion, and private-sector-led growth. He stressed that the government is focused on creating an enabling environment for investment, job creation, and inclusive development, while protecting vulnerable citizens through targeted social interventions.

The president also acknowledged the support of development partners, including the World Bank, in Nigeria’s reform journey, noting that technical assistance and financing play a crucial role in strengthening institutions and implementing key policies.

In her remarks, Bjerde commended the Nigerian government for taking bold steps to reform the economy, describing the measures as critical for macroeconomic stability and growth. She reaffirmed the World Bank’s commitment to supporting Nigeria through policy advice, capacity building, and development financing.

The meeting forms part of ongoing engagements between Nigeria and international partners as the Tinubu administration pushes forward with reforms aimed at stabilising the economy and unlocking the country’s long-term development potential.