RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Currencies

President Tinubu’s First Year in Office: A Record of Achievements

Stephen Akudike by Stephen Akudike
May 31, 2024
in Currencies, Economy, Politics
Reading Time: 2 mins read
A A
0
Top Story: Tinubu Present N27.5 Trillion As 2024 Budget
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Federal Government has released a comprehensive report detailing the remarkable achievements of President Bola Tinubu in his first year in office. The report highlights a wide range of accomplishments across various sectors, underscoring Tinubu’s commitment to driving economic growth, enhancing security, and improving the overall welfare of Nigerians.

In a publication issued by the Ministry of Information and National Orientation, key achievements were outlined, including significant strides in economic recovery and security enhancement.

AlsoRead

Nigeria’s Fuel Import Bill Plunges 54% in Two Years as Domestic Refining Gains Ground

Naira Kicks Off 2026 with First Weekly Gain as CBN Boosts Liquidity

Naira Appreciates by 7% at Official Window as Reserves Grow in First Week of 2026

Economic Reforms and FX Backlog:

President Tinubu’s administration tackled economic challenges head-on by implementing crucial reforms. One notable achievement was the clearing of a $7 billion foreign exchange backlog, a move aimed at stabilizing the currency and facilitating international transactions. Additionally, the removal of the fuel subsidy regime led to a 50% reduction in petrol importation and increased monthly allocations for states and local governments.

Infrastructure development received a significant boost under Tinubu’s leadership. The administration unified the forex rate market, reformed bureau de change operations, and facilitated the clearance of foreign exchange backlogs by the Central Bank of Nigeria (CBN). Furthermore, investments in transportation, including the inauguration of new aircraft by the Nigerian Air Force, contributed to enhanced security and economic development.

Security and Social Welfare:

President Tinubu prioritized national security, resulting in significant achievements in combating insurgency and criminal activities. Over 4,600 hostages were freed, while more than 9,300 hostiles were neutralized, and over 7,000 terrorists, bandits, and criminals were apprehended. The administration’s commitment to enhancing security also extended to the recruitment of additional police officers and the deactivation of illegal oil refining sites in the Niger Delta.

Moreover, the government ensured food security by releasing grains from the National Strategic Grain Reserves and providing fertilizers to support farming activities. Efforts to spur agricultural production included initiatives such as the Dry Season Farming Initiative and the provision of financial support for farmers.

Investments in Health, Education, and Social Welfare:

President Tinubu’s administration demonstrated a strong commitment to improving healthcare, education, and social welfare services. Notable initiatives included allocating funds for primary healthcare development, establishing oncology centers nationwide, and implementing a national education loan fund to support students. Additionally, cash transfers were provided to vulnerable households, while various talent development programs and initiatives were launched to empower youth and stimulate the creative economy.

Anti-Corruption and Good Governance:

The Tinubu administration reinforced anti-corruption institutions and pursued high-profile corruption cases, signaling a commitment to transparency and accountability in governance. Strengthening institutions such as the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) underscored the government’s resolve to combat corruption at all levels.

President Tinubu’s first year in office has been characterized by a diverse array of achievements, reflecting a holistic approach to governance aimed at driving sustainable development and improving the quality of life for all Nigerians. As the administration continues its efforts to build on these successes, stakeholders remain optimistic about the future trajectory of the country under President Tinubu’s leadership.

Tags: #NigeriaachievementsEconomic ReformsTinubu
Previous Post

Nigeria’s External Reserves Decline by 7.21% in One Year, Reflecting Pressure on Naira

Next Post

Nigerian Airfares See Modest Rise in April 2024, Reports NBS

Related News

Fuel Subsidy Removal Negatively Impacts 90% of Nigerian Businesses

Nigeria’s Fuel Import Bill Plunges 54% in Two Years as Domestic Refining Gains Ground

by Akpan Edidong
January 13, 2026
0

Nigeria has achieved a major milestone in its long battle against fuel import dependence, with spending on imported refined petroleum...

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Naira Kicks Off 2026 with First Weekly Gain as CBN Boosts Liquidity

by Stephen Akudike
January 13, 2026
0

The naira has started the new year on a positive note, posting its first weekly appreciation of 2026 at the...

Naira Surges Against US Dollar, Falls Below N1,000 Mark

Naira Appreciates by 7% at Official Window as Reserves Grow in First Week of 2026

by Stephen Akudike
January 12, 2026
0

The Nigerian Naira closed the first full trading week of 2026 with a gain against the U.S. dollar in the...

Nigeria’s Public Debt Hits N46.25trn In Q4 2022 – NBS

Nigeria’s Statistics Bureau to Brief Stakeholders Ahead of Key December Inflation Data

by Jide Omodele
January 12, 2026
0

The National Bureau of Statistics (NBS) will hold a stakeholder engagement meeting on Monday ahead of the release of Nigeria’s...

Next Post
Airlines Implement Time-Saving Strategies for More Efficient Operations

Nigerian Airfares See Modest Rise in April 2024, Reports NBS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Kicks Off 2026 Trading Week with N745 Billion Surge as Bulls Charge Back

January 13, 2026
Fuel Subsidy Removal Negatively Impacts 90% of Nigerian Businesses

Nigeria’s Fuel Import Bill Plunges 54% in Two Years as Domestic Refining Gains Ground

January 13, 2026

Popular Story

  • Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

    Naira Kicks Off 2026 with First Weekly Gain as CBN Boosts Liquidity

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Fuel Import Bill Plunges 54% in Two Years as Domestic Refining Gains Ground

    0 shares
    Share 0 Tweet 0
  • NGX Kicks Off 2026 Trading Week with N745 Billion Surge as Bulls Charge Back

    0 shares
    Share 0 Tweet 0
  • Naira Appreciates by 7% at Official Window as Reserves Grow in First Week of 2026

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Statistics Bureau to Brief Stakeholders Ahead of Key December Inflation Data

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>