Deloitte Throws Weight Behind Tinubu’s Economic Reforms, Hails Progress

According to Ireporter Online, the President made the remarks on Wednesday while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda Redfearn, at the Presidential Villa in Abuja.

During the meeting, Deloitte Africa commended the Federal Government’s reform agenda and expressed its readiness to support Nigeria in areas including investment promotion, youth empowerment, skills development and job creation.

Tinubu acknowledged that the reforms implemented by his administration came with difficult decisions but insisted that the measures were beginning to produce positive outcomes for the economy.

In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the government’s revenue, fiscal and tax reforms had strengthened the economy, improved the financial sector and enhanced Nigeria’s competitiveness in the global market.

He noted that while some of the policies required citizens and businesses to endure temporary challenges, the long-term benefits would position Nigeria for greater economic prosperity.

“The reforms on revenue will continue to stimulate growth. Some issues are difficult because people have to take the bitter medicine, but it is working well. For the economy, Nigeria is making serious foundational progress,” Tinubu stated.

The President also appreciated Deloitte Africa for its continued partnership with Nigeria and encouraged the firm to expand its youth training and recruitment initiatives, highlighting the company’s reputation for developing professional talents.

Recalling his background in the accounting profession, Tinubu praised Deloitte’s commitment to capacity building and urged the organisation to continue contributing to Nigeria’s human capital development.

The meeting was attended by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Chairman of the Nigerian Revenue Service, Zacch Adedeji.

Speaking during the engagement, the Finance Minister urged Deloitte to deploy more of its expertise towards strengthening the capacity of young Nigerians and maximising the opportunities created by ongoing reforms.

Redfearn assured the President that Deloitte, which operates globally with a workforce of over 500,000 employees, including thousands across Africa, remains committed to supporting Nigeria’s transformation efforts.

She stated that the firm’s Nigerian and international teams were prepared to work with the government in achieving its development goals.

Also speaking, Deloitte Africa Chief Executive Officer, Yomi Olugbenro, said Nigeria had established a strong foundation through its ongoing reforms, adding that the priority now should be ensuring that the benefits translate into improved living conditions for ordinary citizens.

Olugbenro said Deloitte was willing to provide its global expertise to support government initiatives and help deliver the desired impact of the reform programme to Nigerians.