Abuja, May 18, 2026 The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, says the economic reforms introduced by President Bola Tinubu are gradually positioning Nigeria for long-term growth, stability and national development.
Yilwatda made this known in a statement issued on Sunday by his Special Adviser on Media and Information Strategy, Mr Abimbola Tooki.
According to him, early signs of recovery are already emerging in areas such as international trade confidence, sectoral investments, agricultural expansion and macroeconomic stability.
He explained that the reforms under the Tinubu administration were designed as long-term economic restructuring measures rather than temporary solutions.
Yilwatda said the Renewed Hope Agenda was introduced to address longstanding structural challenges that weakened productivity, discouraged investment and limited Nigeria’s economic competitiveness.
He noted that meaningful national development often requires difficult but strategic decisions capable of securing future prosperity.
According to him, the current reforms are laying the groundwork for a more productive, stable and prosperous economy.
The APC chairman acknowledged the economic hardship currently facing many Nigerians, particularly rising inflation and the increasing cost of living.
However, he stated that the Federal Government had continued to implement targeted interventions, infrastructure projects and support programmes for local industries and critical sectors.
Yilwatda also pointed to several economic indicators which, he said, suggest improving investor confidence and increased commercial activity across the country.
He referenced recent reports showing that Nigerian ports handled 1,092 ocean-going vessels in the first quarter of 2026, describing it as evidence of growing trade and export activities.
According to him, the development reflects the impact of investments in port modernisation, transport connectivity, logistics and export expansion initiatives.
He said the increase in maritime operations demonstrates renewed international commercial engagement with Nigeria and stronger confidence in the economy.
Yilwatda further highlighted improvements in crude oil production, noting that Nigeria had achieved about 99.2 per cent of its Organisation of Petroleum Exporting Countries (OPEC) production quota.
He attributed the development to improved security coordination and operational efficiency within the oil and gas sector.
The APC chairman also cited the commissioning of new 330kV transmission lines in Edo State and the addition of 600 megawatts to the national grid as part of efforts to improve electricity supply and support industrial growth.
He added that rising interest from investors and manufacturers in areas such as automobile spare parts, industrial production and energy infrastructure indicates gradual economic repositioning toward self-reliance and competitiveness.
Yilwatda assured Nigerians that the administration remains committed to economic stability, job creation, responsible governance and national development.
He urged citizens to remain hopeful and patient, stressing that although the reforms may be challenging in the short term, they are intended to build a stronger economy capable of creating opportunities and improving living standards in the future.
The APC chairman reaffirmed the party’s support for policies aimed at deepening economic reforms, encouraging investments, expanding infrastructure and promoting inclusive growth across the country.