- Safiu Kehinde
The House of Representatives has hailed President Bola Tinubu over his second year anniversary, stressing that he has demonstrated good leadership.
NPO Reported that the President had yesterday marked his second year in office since his swearing in on the 29th of May 2023.
Describing the anniversary as a milestone which provides an opportunity to reflect on the significant progress achieved by the Tinubu-led administration, the lawmakers in a statement issued by their spokesman, Akin Rotimi, noted with satisfaction the early signs of macroeconomic stability, enhanced investor confidence, and improved fiscal performance.
These outcomes, according to Rotimi, reflected a deliberate effort to retool national governance and restore public trust.
The Speaker of the House, Tajudeen Abass, in his message as quoted in the statement, lauded Tinubu’s leadership and commitment to economic reforms.
“President Tinubu has demonstrated good leadership and courage from the first day he assumed office, when he vowed to lift our economy by 6 % annually, rationalise the foreign exchange market, generate jobs, and confront insecurity.
“These commitments have formed the cornerstone of our national policy thrust, yielding numerous bold interventions that have reshaped Nigeria’s fiscal foundations and positioned the country for sustainable progress.” he said.
Abbas further noted the reflection of the economic reforms in Nigeria’s Gross Domestic Product (GDP) and in budgeting.
“Today, the World Bank confirms that real GDP growth for 2024 reached its highest level since 2015, driven by a resilient non-oil sector and fortified public revenues.
“The appropriation of ₦54.99 trillion for 2025 reflects the National Assembly’s conviction in these revenue projections and underscores this administration’s commitment to health, education, and infrastructure.” he continued.
The lower chamber Speaker further expressed satisfaction that inflation once surging past 40 percent has been steered down to 23.7 percent, following a meticulous rebasing of the statistical framework.
This, according to him, signalled that initial price shocks are abating and that the economy is regaining stability.
“Meanwhile, foreign exchange reserves have climbed beyond $40bn, anchored by record oil output exceeding 2.3m barrels per day and steady capital inflows. This financial buffer underpins our economy’s resilience against global shocks and reinforces the stability of the Naira.” He said.
Abbas therefore urged Nigerians to continue supporting the Tinubu-led administration as the President implements bold reforms for both immediate and long-term national benefit.
The House drummed support for the administration’s tax reform agenda, which it claimed to be central to Nigeria’s long-term fiscal sustainability.
These reforms, according to the statement, aimed to raise Nigeria’s tax-to-GDP ratio from 10 percent to over 13.5 percent by establishing a fairer, more efficient, and growth-oriented tax system.
The lawmakers also commended the Student Loan Scheme and the ₦45,000 monthly stipend for technical college students as clear investments in inclusive education and youth empowerment.
They claimed that the initiatives reflect broader national priorities on economic opportunity.
Also the green chamber noted that the Nigeria First Policy continues to support local content and domestic industry, while the Presidential Compressed Natural Gas (CNG) Initiative advances energy transition, reduces transport costs, and drives job creation.
On security, the house maintained that Tinubu’s bold approach to insecurity has yielded measurable gains in territorial control and operational effectiveness, reinforcing national stability.
It stressed that N6 trillion boost in subnational revenues in 2024 has enabled states to reduce debt, meet salary and pension obligations, and increase investment in infrastructure and human capital.
While preserving its constitutional independence and upholding the principle of separation of powers, the House reiterated its unwavering commitment to supporting the administration’s reform efforts through the lens of its Legislative Agenda (2023–2027) which prioritises economic revitalisation, social sector development, national security, and open governance.
As the Tinubu administration enters its third year, The House held that it remains resolute in its mission to enact impactful legislation, strengthen democratic institutions, and ensure that the dividends of democracy are delivered to every Nigerian.